Negotiation in PPA for Kyaukphyu Power Plant project finalized

MINISTER of Electricity and Energy U Win Khaing attended a signing ceremony of Letter of Acknowledgement for Conclusion of Negotiation in Power Purchase Agreement-PPA for Kyaukphyu Power Plant project on 28th April.

Along with the Union Minister , Union Minister of Transport and Communications U Thant Sin Maung, Myanmar ambassador to China U Thit Linn Ohn, Chinese Ambassador to Myanmar Mr. Hong Laing, Permanent Secretary of Ministry of Transport and Communications U Soe Thein, Director-General of Electric Power Administration Department Daw Mi Mi Khine, officials of the Myanmar embassy, president of Power Construction Corporation of China Mr.Sun Hongshui and the company officials attended the ceremony.
The letter of acknowledge was signed by the President of Power China Resources Ltd (SINOHYDRO) Mr. Sheng Yuming and the President of Supreme Trading Company Limited Dr. Sein Myint in the presence of Myanmar ambassador to china U Thit Lin Own and Chinese ambassador to Myanmar Mr.Hong Liang.
The power plant will be built in Kyaukphyu Township, Rakhine State, and it will purchase natural gas from the Shwe Natural Gas Project to generate electricity.
For this project, Ministry of Electricity and Energy issued the Notice to Proceed with the permission of Union Government to the project which is considered an important project for the Myanmar-China economic corridor.
Upon completion, the project can produce 135 Mega Watt and will transport the power to the grid to supply Rakhine State.

MNA
Translated by Alphonsus
Photo: MNA
Ref: The Global New Light of Myanmar