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)
- Iran Set To Enter The Crude Oil Market - February 7, 2016
- Dieters, Keep That Weight Off - February 7, 2016
- Pick Up A Good Book, Reading Is Inspirational - February 7, 2016
- Donald Trump Leads In NH, Christie Torpedoes Rubio - February 7, 2016
- Formula One 2016 Race Calendar Ratified - February 7, 2016
Trade FX, Equities and Options with the World's Leading Platform , call our trade desk 631 482 0376, or contact us to get started.
Last Week's Analysts Clusters That Should Not Be Taken Lightly ... read more
War On Cash Money Escalates, China Readies Digital Currency Remember ... read more
Gold Up On USD Weakness, Crude Oil Fades On Supply ... read more
Formula One 2016 Race Calendar Ratified Formula One racing’s governing ... read more