Currently the country has 22 such projects completed and 14 still under construction. There are also fifty hydro-power projects already signed and under process to be signed to begin tasks, according to official data.
Authorities say private companies would be allowed to work the coming 50 projects under the systems such as Build/Operate/Transfer (BOT) and Joint Venture/ Build/Operate/Transfer (JV/BOT).
Only one tenth of them (five projects) are under plan to cooperate with companies from Europe, and the Chinese companies are authorised to build and operate almost all the rest (45) for up to 40 years, according to the data.
Among them, the local Asia World has been allowed to implement two projects in collaboration with China’s CPI, and two others in cooperation with two China-based companies.
The local company IGE is allowed to work four projects in cooperation with China-based YPIC International Company, and four others hands in hands with China-based companies.
The Shwe Taung is also allowed to work up to 10 such projects together with China-based CDOI Company.
Besides those companies, other Chinese companies have been allowed to work 12 hydro-power projects.
Out of the 45 hydro-power projects, 39 are allowed to implement by those Chinese companies and they will have the projects under their operations for up to 40 years.
And the Shwe Taung in collaboration with the CPI is authorized to implement the projects such as Ayeyarwady Myitsone, Chee Phwe, Laiza, Woo Zou, Khaung Lanphyu, Yenan and Pheezaw which may generate up to 6000 megawatts in total.
It’s also allowed to implement the Thaukraykhet (2) hydro-power project independently, from which the ministry of electrical power now has been buying back the electricity at a cost of Ks 70 per unit.
The Beluchaung (3) hydro-power project is also 100% completed by the company alone.
Among the eight projects authorised to implement by the IGE in collaboration with other Chinese companies, it concludes the Upper Thanlwin (Mangton) project which would become the largest in the country with capacity of 7110 megawatts.
A project to be built on Nawchanka River by the IGE in collaboration with a China-based company will give the company only 2% business interests, with the China-based company getting 83% and the government 15%.
Only a few of the hydro-power projects will be out of their hands and return to Myanmar ownership.
So the future of Myanmar’s power generation and distribution will be in their (the privileged Chinese companies’) hands according to the current circumstances.
source: Eleven Myanmar
No comments:
Post a Comment