power investment Myanmar

Myanmar Gets First Foreign Investments for Power Projects in Fiscal Year Transition

According to the Directorate of Investment and Company Administration, Myanmar received its first foreign investment in the power supply sector. Construction of the new 145-megawatt plant is set to begin in 2019.

This gas-fired plant will be built in Singaing Township in a joint venture between China’s Power Gen Kyaukse and two Myanmar companies. The Investment Commission has approved five foreign investment projects totaling $406 million in the 2017-28 fiscal year from Singapore, China, and Japan. Read more here. 

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