Friday 25 October 2013

President proposes relocating 50MW power plant to Rakhine State

President U Thein Sein has proposed the construction of a 50-megawatt natural gas-fuelled power plant in Rakhine State, one of Myanmar’s poorest and least developed regions.

President U Thein Sein made the proposal in a letter to the Pyidaungsu Hluttaw on October 18. He said more than US$57 million had been earmarked for the project from a 30 billion yuan (about $4.93 billion) loan made to the government by Export-Import (EXIM) Bank of China.

The development project was initially intended for Mawlamyine in Mon State but the president said in his letter that he wanted to relocate the project to Kyaukpyu in Rakhine State because of the availability of natural gas, the letter said.

Several observers, including Pyidaungsu Hluttaw Speaker Thura U Shwe Mann, have stressed the importance of encouraging development in Rakhine State, particularly following outbreaks of violence between Buddhists and Muslims over the past 16 months.

The project is expected to provide a quick boost to the living standards of the area’s residents, the president said, adding that the proposed change of location has already been approved by EXIM Bank of China.

He had earlier asked parliament on August 9 to approve the plan to build the plant in Mawlamyine. The October 18 letter said another reason for the shift of location is that there are already two power generation projects underway in Mawlamyine.

source: The Myanmar Times
http://www.mmtimes.com/index.php/national-news/8568-president-proposes-relocating-50mw-power-plant-to-rakhine-state.html 

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