Great Hor Kham to in­vest K48 bil­lion in hy­dropower project in Shan State

Mizzima Business Weekly - - BUSINESS ALERTS - Kaung Kin Ko

IPO-bound Myan­mar-based con­struc­tor Great Hor Kham Pub­lic Com­pany has se­cured gov­ern­ment ap­proval to in­vest K48 bil­lion ($35.1 mil­lion) in the Nam Paw hy­dropower project in Muse, north­ern Shan State, re­ported the DealStreet­Asia. The com­pany is among the first batch of the six listed com­pa­nies of­fi­cially an­nounced in late 2015 to be listed on the Yan­gon Stock Ex­change. It is ex­pect­ing to have an ini­tial pub­lic of­fer­ing (IPO) by late 2017.

“We ex­pect to ap­ply to the Yan­gon Stock Ex­change by July to get ready for an IPO in 2017,” Zaw Zaw Oo, chief fi­nan­cial of­fi­cer of the com­pany, told the news agency.

Great Hor Kham is fo­cus­ing on in­fra­struc­ture in­vest­ments in Muse, and plan­ning to raise about K20 bil­lion for the 20-megawatt hy­dropower plant through the IPO, re­ported the DealStreet­Asia.The project will be im­ple­mented on the Nang Paw Creek near Mane Han old vil­lage in Muse.The mem­o­ran­dum of agree­ment for the hy­dropower project was signed in March 2016.

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