MIC meeting approves seven new projects including power plant construction project

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SAC Member MIC Chairman Lt-Gen Moe Myint Tun attends the meeting 2/2022 yesterday.

The Myanmar Investment Commission held the meeting (2/2022) yesterday afternoon in Nay Pyi Taw. The meeting was attended by State Administration Council Member Myanmar Investment Commission Chairman Lt-Gen Moe Myint Tun and the commission members.
The meeting approved seven new projects from the hotels and tourism sector, industry and services sectors and electricity and energy sector, including a capital increase of 12 ongoing investment projects. These projects are worth US$85.759 million and K43,327.455 million and will create job opportunities for local workers.
The projects approved by yesterday’s meeting included the construction of a 20-megawatt solar power plant during the six-month construction period.
As of March 2022 from October 2021, 48 foreign-invested companies were approved with US$684.686 million investment in Myanmar. As for Myanmar citizen investment, 38 businesses were approved with a total of K468,393.528 million and 42,880 jobs were created. — MNA

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