Dec 23, 2011

Myanmar, S. Korean company to study set-up of combined cycle power plant

Myanmar electric authorities and a South Korean company have reached a memorandum of understanding on the feasibility study of a combined cycle power plant project to supply Yangon and its nearby Thilawa Industrial Zone with electricity, local media reported Friday.

The MoU was signed between the Department of Electric Power of Myanmar and the Busan Korea Biotechnology Company in Nay Pyi Taw, said the New Light of Myanmar.

Densely populated with a booming economy, Yangon, which lies in the south of the country, is the largest electricity consuming region (about 700 megawatts) accounting for half of the electricity consumption of the whole country, while hydropower plants lie in the northernmost part.

Four dilapidated power plants in the region can generate only 240 megawatts, requiring the region to join 640km long power grid to meet increasing demand growing 10 percent each year, the report quoted experts as saying, adding that Yangon and its neighborhoods are in need of an immediate natural gas-fired and recycled power plant.

Meanwhile, Myanmar is inviting local and foreign investment in the Thilawa Special Economic Zone, which lies between Thanlyin and Kyauktan townships in Yangon region.

Investors from Japan, South Korea, China, Singapore, Thailand and Malaysia are eyeing the project, the authorities said, assuring that the project will be done without affecting the environment and the livelihood of the villagers.

Source: Xinhua