TTCL to build 2.8 billion coal-fired power plant in Myanmar
Thailand-based construction firm TTCL Pcl announced that it plans to build a $2.8 billion coal-fired power plant in Myanmar, reported Reuters. The modern technology coal-fired power plant in the Kayin State is expected to commence operations in 2023 with the full 1,280 megawatts to be completed in 2024, Reuters reported citing the TTCL Chief Financial Officer GobchaiTanasugarn. A formal joint venture agreement, which will make TTCL to hold a 95 percent stake and the state government 5 percent, is awaiting approval, said TTCL executive vice president SuratanaTrinratana. The $2.8 billion total price-tag includes construction costs of up to $2 billion, which TTCL will bear, plus the 40-year land lease. This will be TTCL’s second power station in Myanmar, following a 120 MW gas-fired station, which launched in 2013.