May 13, 2013

Puma Energy picked to construct Thilawa jetty

Myanma Port Authority made Puma Energy (Myanmar) Ltd in its shortlist for construction of Thilawa jetty and oil tanks, according to the officials.

Myanmar authorities have earlier divided the port construction area in Thilawa Special Economic Zone into 37 land plots, each of which are 200 metres wide on the river front and 750 metres long inward the land.

Upon the government’s approval, Puma Energy Ltd will be allowed to develop the land plot number (3) under the build, operate and transfer term. The company has planned to invest US$99.94 million for the project.

Myanma Port Authority has earlier invited tenders for construction of the jetty and oil tanks, and for importing and distribution of bitumen and petroleum related products on the land plot number (3). Eighteen companies bid for the tender, and Puma Energy was in the shortlist.

Myanmar government has permitted military-owned Union of Myanmar Economic Holding Ltd and Myanmar Economic Corporation, Shwe Taung Co., Max Myanmar Co., International Group of Entrepreneur Service Co. (IGE), Diamond Star Co., Myat Myittarmon Co., and Myanma Port Authority to develop their designated land plots in Thilawa Special Economic Zone.

They were allowed to construct the jetty and oil tanks in their area and import and distribute petroleum oil.

Source: Eleven Weekly Media