A tripartite discussion between Myanmar, Japan and Thailand will be held in Yangon or Nay Pyi Taw this week to bring in Japan as a developer in the Dawei Special Economic Zone (SEZ), a Myanmar government source says.
“Italian-Thai Company has already faced financial problems in implementing the Dawei SEZ. So we are now going to discuss with Japan. I think Japan can participate in the project,” said Sett Aung, Deputy Minister for the National Planning and Economic Development.
In Myanmar, there are three special economic zones: Thilawa SEZ, Kyaukphyu SEZ and Dawei SEZ. Among them, Thilawa is the only SEZ that does not involve a deep-sea port project.
Although international business people have shown interest in the Thilawa SEZ, Italian-Thai Co, the main developer in the Dawei SEZ, has failed to implement the project within the targeted time frame. Therefore, international interest in the project has dropped to a certain degree.
International investors also want the United States to participate in the project, hoping that U.S. investment will lead to its growth.
Japan, considered a world superpower, is ready to participate in the construction of coal power plant projects in the Dawei SEZ.
In order to supply power to the Dawei SEZ, two gas power plants generating 36MW and 180MW electricity, respectively, will be completed in 2015.
Moreover, a 600MW coal power plant project is expected to start operations in 2015.
source: Eleven Myanmar
http://www.elevenmyanmar.com/business/3537-tripartite-discussion-to-be-held-for-japanese-investment-in-dawei-sez
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