Nov 23, 2012

Myanmar invites investment in power projects

Myanmar government has invited both local and foreign businessmen to invest in 22 power projects.

The call came after awarding of 67 power projects to local and foreign companies, according to the ministry of electric power.

The government will implement 89 electricity projects as part of its plan to develop the country’s power sector, the ministry said in a statement.

Of them, 58 projects have already been awarded to local firms and nine to foreign companies, it said.

Sixty-four out of 89 power projects will both generate and distribute power. Four projects will be dedicated to power generation while 21 for distribution.

Source: 11 Media Group