The Ministry of Electric Power signed an agreement with Toyo-Thai
Company to build a 120-megawatt gas- and waste heat-fired power plant in
Yangon’s Ahlone township during a ceremony in Nay Pyi Taw on Friday,
November 16, state-run media reported last week.
The agreement
was signed by Toyo-Thai’s Thailand and Singapore companies and was
witnessed by Minister for Electric Power U Khin Maung Soe, Minister for
Industry U Aye Myint, Minister for Energy U Than Htay and Attorney-
General Dr Tun Shin, as well as deputy ministers, department heads and
company officials, the New Light of Myanmar newspaper reported on
Sunday, November 18.
Speaking at the signing, U Khin Maung Soe
said the project is to be implemented as quickly as possible in order to
provide electricity to Yangon in the coming summer months.
He
added that the plant would be expected to follow “non-environmental
degradation policies”, adding that the ministry will cooperate with
local and foreign investors to meet the state’s power needs.
source: The Myanmar Times
http://www.mmtimes.com/index.php/business/3349-govt-signs-agreement-on-120mw-power-plant-in-yangon-region.html
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