Sunday 25 August 2013

PTTEP denies Ayeyarwady mega project

Thailand-based PTTEP has denied being involved in a multi-billion dollar deep seaport and other heavy infrastructure projects in the Ayeyarwady region.

 In a letter to Eleven Media, PTTEP International General Manager Kanok Intharawijitr said PTTEP, which operates an oil and gas exploration and production in Myanmar, has neither established nor is a shareholder of Amera Asia Co involved in the Ayeyarwady project.


 It was reported earlier that the project had been initiated by a company of a similar initial PTTE, which could be confused with the Thai company. The project claimed a US$5.5-billion investment, according to Kyaw Win Naing, Minister for Labour and Municipality Affair of Ayeyarwady region government.

 PTTE will establish Amera Asia Company in Ayeyarwady region to implement the project, according to the minister.

 The project is included Ngwe Saung-Chaung Thar deep seaport, three industrial zones in Pathein-Wakaema, four 700-Mega Watts electric generators and Pathein-Yangon expressway and railroad, the minister said.

source: Eleven Myanmar

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