The company has set up a wholly owned Singaporean subsidiary Siam Gas Power, which signed a sales and purchase agreement on July 18 to invest $48 million (1.68 billion baht) in the 230-megawatt project.
The plant joined the national grid system earlier this year, and is operated by Myanmar Lighting under the government’s independent power producer (IPP) system. Myanmar Lighting contracted Singaporean firm Asiatech Energy to build the plant.
The Myanmar government rolled out its IPP system in 2011 to encourage private investment in electricity production, especially in areas off the national grid, hoping to produce more power and alleviate shortages. (Courtesy of mmtimes.com)
No comments:
Post a Comment