June 13, 2012
Reposted from the Myanmar Times
By Stuart Deed
YANGON is set to receive improved electricity supply in the future following an agreement signed between the government and a South Korean consortium to build a gas-fired power plant outside Yangon last week.
South Korea’s BKB Consortium, Korea Western Power Co and Hyundai Engineering and Construction Co Ltd signed a deal with the Yangon Electricity Supply Board to build a 500-megawatt gas-fired power plant on June 3, the state-run New Light of Myanmar newspaper reported the following day.
Union Minister for Electric Power 2 U Khin Maung Soe attended the meeting, which included high-ranking officials from the companies concerned and took place at the Yangon City Electricity Supply Board headquarters in Ahlone township.
However, the report did not say when the project would begin, when it was expected to be finished or where the natural gas would be sourced from.
The reports said the parties signed a memorandum of agreement to build a 500MW natural gas-fuelled power plant in Yangon’s Thaketa township. The plant will be built under a build, operate and transfer joint venture agreement between the ministry, BKB Consortium and Hexa International Co.
Photo Credit: Utilities ME