Posco to construct free solar plant in Myanmar

POSCO Daewoo, the trading unit of Posco, held a groundbreaking ceremony for a solar plant that it will build for free of charge on an island in Myanmar in hopes of boosting ties with the country, the company said on Sunday. The latest project, put together at the request of Myanmar’s Ministry of Electricity and Energy, will offer electricity to some 1,000 households on Manaung Island, the company said. “We are delighted to be able to provide practical help to Myanmar. We also hope to forge a cooperative relationship with Myanmar in the energy business by clinching an LNG terminal and independent power producer deals,” said Posco Daewoo CEO Kim Young-sang.