Koreans to build 500 MW power plant in Myanmar


Korea Western Power is to develop a 500 MW power plant in Myanmar, which will use natural gas and garbage as power sources.

Myanmar’s Hexa International Company has signed a memorandum of understanding (MoU) with Korea Western Power jointly with Korea Electrical Manufacturers Association to build the plant.

“This is the first 100% foreign direct investment project which will build the first and biggest power plant of that kind in Myanmar,” said Aung Than Oo, the deputy minister for electrical power.

The power plant will provide electricity to Thilawa Special Economic Zone mainly and the first phase of the project is expected to be completed in 2014 after final agreement is reached between the two countries in this year.

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