Feb 19, 2013

Mudajaya outlines Mandalay power plant

Malaysian firm Mudajaya Group Berhad has scheduled construction of a US$750-million power plant in Mandalay Region, with work beginning in the second half of 2014, Malaysia’s Business Times reported on January 23.

The project is slated to be completed in two phases, the first of which is the building of a 500-megawatt coal-fired plant, while the second is a solar plant, which has no generation targets as yet.

Business Times reported that Mudujaya Group has set up a company with IJM Corp Bhd co-founder Datuk Koon Yew Yin, with ownership split 70 percent and 30pc respectively to fund the project. No local partners have yet been announced.

Source: The Myanmar Times

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