Thailand-based EPC firm TTCL is set to build a $2.8bn coal-fired power plant in Myanmar’s southeast, the company said this week.

The 1280 MW project in Hpa-An township in Kayin state is planned to use Japanese ultra-supercritical technology and is expected to come online in 2023.

The plant will run on around 4m tonnes of imported coal per year, TTCL said.

TTCL executive vice-president Suratana Trinratana was quoted as saying that a joint venture agreement with the state government is in the pipeline, under which the state would own a 5 per cent share in the project.  

She added that construction work was expected to cost up to $2bn and that TTCL’s expected return on investment in the plant is between 10 and 13 per cent.

TTCL is a joint venture between Italian-Thai Development, which holds a 51 per cent stake in the firm, and Japan’s Toyo Engineering Corp, which owns 49 per cent.

The company currently operates one power plant in Myanmar, a 120 MW combined-cycle plant in Ahlone, Yangon, which came online in 2013.