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Thailand: Thai firm to invest in Mawlamyine power plant
Thailand: Thai firm to invest in Mawlamyine power plant
Friday, 22 July 2016 – Thai firm Siamgas and Petrochemicals Public Company is investing almost US$50 million in a gas-fired power plant in Mawlamyine township, it said yesterday in a filing to the Stock Exchange of Thailand.
The company has set up a wholly owned Singaporean subsidiary Siam Gas Power, which signed a sales and purchase agreement on July 18 to invest $48 million (1.68 billion baht) in the 230-megawatt project.
The plant joined the national grid system earlier this year, and is operated by Myanmar Lighting under the government’s independent power producer (IPP) system. Myanmar Lighting contracted Singaporean firm Asiatech Energy to build the plant. Read More?