Myanmar Signs MOU With Global Power Synergy Co.,Ltd of Thailand.
The Myanmar electric power authorities have signed a memorandum of understanding (MOU) with 2 foreign companies, GMS Power Publish Co.,Ltd and Global Power Synergy Co.,Ltd of Thailand.
The MOU aims at conducting feasibility study for establishment of combined cycle power plant project in Ayeyawady and Yangon Regions,official media reported Saturday.
The cycle power plant project will be able to generate 500 megawatts, said the New Light of Myanmar.
Minister for Electric Power U Khin Maung Soe said that the ministry was carrying out power generation and distribution by applying energy resources in the country, adding that the construction of Nat Gas-fired power plants have potentials such as short construction period, full power generation and less environmental impact, he said.
The project will be 50% share each by the State and the companies and Asian Development Bank (ADB) offered to disburse long-term loans 50 percent share for the project.
Feasibility study will undertake in Bogale and Kyaiklat Townships of Ayeyawady Region and Kawhmu Township of Yangon Region.
Due to the high demand in electricity, the government is striving to produce electricity from natural gas, diesel, coal fire, solar power, wind power, biogas and waste fuel in addition to hydropower.
Latest posts by Paul Ebeling (see all)
- After 40 Yrs, Iran As A Hot Issue In The West, Begins To Cool - July 24, 2014
- Tesla Motors (NASDAQ:TSLA) Reports Earnings On 31 July - July 24, 2014
- Bangkok Rice FOB Price - July 24, 2014
- Shanghai-Hong Kong Stock Excahnge Tie-up Pushes HK Shares Higher - July 24, 2014
- Saudi Arabia To Open Stock Markets To Foreign Investors In 2015 - July 24, 2014
Leave a Reply
You must be logged in to post a comment.
After 40 Yrs, Iran As A Hot Issue In The ... read more
US Treasuries Up, US Dollar Flat 10-Yr: +02/32..2.452%.. USD/JPY: 101.48.. EUR/USD:1.3462 Afternoon Update 2y ... read more
1Crude Oil Up, Silver Unchanged, Gold And Nat Gas Down ... read more
Dubai Records Real Estate Deals Worth Dhs113-B In 1-H 2014 ... read more