By Nyein Nyein
China-Myanmar joint venture Kyaukpyu Electric Power Company has invested US$172 million in a power generation project in Kyaukpyu, according to the Directorate of Investment and Company Administration (DICA).
The Kyauk Phyu Electric Power Co will establish a gas-fired power plant, which can generate 135 MW of power.
The JV has been formed by Myanmar’s Supreme Group and Chinese government-owned Power China enterprise. The company signed an electricity purchase agreement with the Ministry of Electricity and Energy in November, 2019.
At the signing ceremony, Union Minister for Electricity and Energy U Win Khaing had said: “The country’s power requirement is increasing by about 1,000 MW year on year. Therefore, a Notice to Proceed was issued for four long-term projects in January, 2018. Of them, a purchase agreement has been signed for the 135 MW power project in Kyaukpyu.”
“The long-term projects are expected to take at least three years to start power generation. To meet the increasing power demand in 2020, seven short-term power projects with a capacity of 1,166 MW are being implemented. Moreover, short-term projects to fulfil power requirements of 1,000 MW in 2021 will also be carried out,” he said.
Starting from 2022, out of the four long-term projects that were issued Notice to Proceed, the 135 MW power project and two 826 MW projects will generate 961 MW of power to meet the country’s requirements, said U Win Khaing. (Translated by Ei Myat Mon)