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The Irrawaddy Business Roundup

The Irrawaddy Business Roundup
By Zaw Zaw Htwe 23 January 2021
Yangon This week Myanmar received 1.5 million COVID-19 vaccine doses provided by the government of India as the very first vaccines from abroad. The government is planning to vaccinate its healthcare workers on the COVID-19 frontline and government staffs and members of parliaments by next week.
Also this week, Myanmar discussed the expansion of Japanese investments in the country and the promotion of military relations with the Japan-Myanmar Association. Meanwhile Myanmar approved four investments including a new Japanese investment in Yangon.
Myanmar inked a power purchase deal with a Thai company and Myanmar Tourism Bank has signed a Memorandum of Understanding (MoU) to assist the restaurant and tourism development sectors impacted by COVID-19. ....

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Myanmar Signs Power Purchase Deal with Thai Company

Myanmar Signs Power Purchase Deal with Thai Company
An artist s impression of the power plant project. / Ministry of Electricity and Energy
4.9k
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. ....

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