Dec 1, 2012

Myanmar signs agreement on 120MW power plant in Yangon Region

The Ministry of Electric Power signed an agreement with Toyo-Thai Company to build a 120-megawatt gas- and waste heat-fired power plant in Yangon’s Ahlone township during a ceremony in Nay Pyi Taw on Friday, November 16, state-run media reported last week.

The agreement was signed by Toyo-Thai’s Thailand and Singapore companies and was witnessed by Minister for Electric Power U Khin Maung Soe, Minister for Industry U Aye Myint, Minister for Energy U Than Htay and Attorney- General Dr Tun Shin, as well as deputy ministers, department heads and company officials, the New Light of Myanmar newspaper reported on Sunday, November 18.

Speaking at the signing, U Khin Maung Soe said the project is to be implemented as quickly as possible in order to provide electricity to Yangon in the coming summer months.

He added that the plant would be expected to follow “non-environmental degradation policies”, adding that the ministry will cooperate with local and foreign investors to meet the state’s power needs.

Source: Myanmar Times