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.