Myanmar Signs Power Purchase Deal with Thai Company
An artist's impression of the power plant project. / Ministry of Electricity and Energy
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By Nan Lwin 20 January 2021
YANGON — A state-owned enterprise in Myanmar has signed a power-purchase agreement with a Thai-based engineering and construction company which plans to develop a US$685 million (911 billion kyats) power plant in Yangon.
On Wednesday, the agreement was signed by Electric Power Generation Enterprise, which is controlled by the Ministry of Electricity and Energy, and TTCL Power Myanmar Company Limited, a subsidiary of Thailand’s TTCL Public Company Limited. TTCL is a joint venture between Italian-Thai Development Public Company Limited, which holds a 52-percent stake, and Japan’s Toyo Engineering Corporation, which holds the remaining 49 percent.