South Korea builds 500 MW power plant in Myanmar

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power plantMyanmar has signed a memorandum of understanding with South Korea to build a 500-megawatt power plant which will use natural gas and garbage to generate power, Eleven Myanmar reported.

A joint venture between Myanmar’s Hexa International Company and Korea Western Powerwill be set up to build the plant in Thakayta Township in Yangon Region.

“This is the first 100 per cent foreign direct investment project which will build the first and biggest power plant of that kind in Myanmar,” said Aung Than Oo, the deputy minister for electrical power.

Dr. Sone Han, the chairman for the Hexa said his company will join as a local partner in the project. The power plant will provide electricity to Thilawa Special Economic Zone mainly and the first phase of the project is expected to be completed in 2014 after a final agreement is reached between the two countries in 2013.

Korea Western Power, a subsidiary of Korea Electric Power Corporation operates power plants in India, Indonesia, Laos, Russia and the US.

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Reading Time: 1 minute

Myanmar has signed a memorandum of understanding with South Korea to build a 500-megawatt power plant which will use natural gas and garbage to generate power, Eleven Myanmar reported.

Reading Time: 1 minute

power plantMyanmar has signed a memorandum of understanding with South Korea to build a 500-megawatt power plant which will use natural gas and garbage to generate power, Eleven Myanmar reported.

A joint venture between Myanmar’s Hexa International Company and Korea Western Powerwill be set up to build the plant in Thakayta Township in Yangon Region.

“This is the first 100 per cent foreign direct investment project which will build the first and biggest power plant of that kind in Myanmar,” said Aung Than Oo, the deputy minister for electrical power.

Dr. Sone Han, the chairman for the Hexa said his company will join as a local partner in the project. The power plant will provide electricity to Thilawa Special Economic Zone mainly and the first phase of the project is expected to be completed in 2014 after a final agreement is reached between the two countries in 2013.

Korea Western Power, a subsidiary of Korea Electric Power Corporation operates power plants in India, Indonesia, Laos, Russia and the US.

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