Myanmar to build power plants with U.S., Japan, S. Korea

   May 22, 12:36 pm

Yangon (Myanmar), May 22 (Xinhua-ANI): Myanmar has planned to build more power plants with companies of the United States, Japan and South Korea in an effort to cope with electricity shortage in the country, especially in the summer season, official media reported Tuesday.

These companies which Myanmar's Ministry of Electric Power-2 is to cooperate in building power plants are General Electric Co. and Caterpillar Co. of the United States, J Power Co. of Japan and BKB Co. of South Korea, said the New Light of Myanmar.

Without disclosing the projects to be implemented with the two U.S. companies, the report said a 600-megawatt (mw) coal-fired plant near Yangon on a joint venture basis with J Power Co of Japan, while another 500-mw gas-fired power plant be carried out in collaboration with BKB Co of South Korea.

There are 18 hydropower, one coal-fired and 10 gas-fired power stations totalling 29 in Myanmar, generating a maximum of about 1, 610 mw in monsoon and 1,340 mw in summer.

Of the 1,610 mw, 1,270 mw is generated by hydropower when a full storage capacity of water is available in monsoon.

Although consumption in monsoon is 1,560 mw, less than production and is enough for distribution, but it is 1,850 mw in summer, far exceeding the production as claimed by the ministry.

The power shortage in summer has forced alternative distribution to the public, factories, workshops and businesses in three groups at an interval of six hours as so far reported. (Xinhua-ANI)

Budget deprived of measure to boost real estate sector: Omaxe Limited CEO Feb 28, 9:01 pm
New Delhi, Feb. 28 (ANI): Omaxe Limited chief executive officer Mohit Goel on Saturday said that the Union Budget for the fiscal year 2015-16 is deprived of any concrete measures to boost the real estate sector.
Full Story
'For India to grow, everybody must pull their weight together': Chidambaram Feb 28, 8:21 pm
New Delhi, Feb. 28 (ANI): Former finance minister P. Chidambaram on Saturday criticised what he felt was the marginalisation of the non-income tax payers by the incumbent Arun Jaitley, adding that India requires the effort of all sections of society to grow as a country.
Full Story
Postal network to be used for increasing access to formal financial system Feb 28, 7:28 pm
New Delhi, Feb. 28 (ANI): Asserting that the government is committed to increasing access of the people to the formal financial system, Finance Minister Arun Jaitely said the government proposes to utilize the vast postal network with nearly 1,54,000 points of presence spread across the villages of the country.
Full Story
NDA Govt.'s budget is 'unkind to the poor': Chidambaram Feb 28, 7:28 pm
New Delhi, Feb. 28 (ANI): Former finance minister P. Chidambaram on Saturday termed the Union Budget presented by incumbent Arun Jaitley as 'reeling in favour of corporates', adding that the government's proposals were anti-poor.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY