Myanmar Signs MOU With Global Power Synergy Co.,Ltd of Thailand.

Posted by: : Paul EbelingPosted on: July 28, 2013 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.

Myanmar map

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.

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.
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