Myanmar junta okays $2.5bn Chinese plan
Myanmar junta okays $2.5bn Chinese plan
IANS / Updated: May 10, 2021, 06:00 IST
China is among the largest arms and ammunition supplier to Myanmar
It’s the biggest single investment since the coup; Myanmar gets an important role in China’s plans as it is rich in oil,
natural gas reserves gives
KOLKATA China has started reaping rewards for backing the February 1 military takeover in Myanmar. The military regimecontrolled Myanmar Investment Commission (
MIC) this week approved 15
projects, including a Chinese $2.5-billion liquefied natural gas (
LNG)
power project, easily the biggest single investment since the new military takeover.
China has started reaping rewards for backing the February 1 military takeover in Myammar.The military regime-controlled Myanmar Investment Commission (MIC) this week approved 15 projects, including a Chinese $2.5-billion liquefied natural gas .
Myanmar Junta Approves 15 Investments, Including US$2.5-Billion Power Project
An artist’s rendering of the Mee Lin Gyaing LNG project. / Supplied
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By The Irrawaddy 8 May 2021
The regime-controlled Myanmar Investment Commission (MIC) has approved 15 projects including a US$2.5-billion liquefied natural gas (LNG) power project, which would be the biggest single investment since the military takeover on Feb. 1.
The MIC chaired by Lieutenant-General Moe Myint Tun did not reveal details of the project in its press release. However, the LNG project approved on Friday is likely to be the Chinese-backed Mee Lin Gyaing power project in the country’s Irrawaddy Delta, given the nature and estimated cost of the project.