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)
- ENBD Needs To See More Dubai World Progress To Reclassify Exposure - April 25, 2014
- DOJ Wants $13-B+ From Bank Of America (NYSE:BAC) In Mortgage Case - April 25, 2014
- US Stocks Posted Modest Gains, Techs Lead - April 25, 2014
- Gold, Silver And Crude Oil Finished Up, Nat Gas Dipped - April 25, 2014
- Putin Warns Ukraine Of Consequences On Its Stepped Up Offensive - April 25, 2014
DOJ Wants $13-B+ From Bank Of America (NYSE:BAC) In Mortgage ... read more
El-Erian: This Is Better Than Bitcoin WMT, GOOG There seems ... read more
Gold, Silver And Crude Oil Finished Up, Nat Gas Dipped ... read more
LeBron James and Miami Heat Unstoppable LeBron James scored 32 ... read more