TTCL to build 2.8 bil­lion coal-fired power plant in Myan­mar

Mizzima Business Weekly - - IN FOCUS -

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.

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