Delays are expected in construction of two waste-fired power plants in Yangon as import permits from the Myanmar Investment Commission (MIC) for the required machinery have not been forthcoming.
Yangon City Development Company (YCDC), Chosun Korea Co and Zeya & Associated Co Ltd signed a deal to produce electricity from waste at Dawei Chaung and Theinpin in Yangon in February.
“MIC has not delivered import permits, so we are unable to start. As soon as we get the permits we will be able to begin construction,” U Than Lwin Oo, head of the Department of Pollution Control and Cleansing at YCDC, said.
A total of $200 million will be spent on the construction and operation of the generator facility, construction is expected to take two years and testing an additional three months.
When fully operational it is expected the generators will produce 45.4 megawatts (MW), with electricity to be sold to Yangon Electric Supply Board (YESB) for K150 ($0.15) per unit, largely for industrial use.
Further discussion as to the share of the profits from the 25-year deal will be held between YESB and the companies involved.
“We have cooperated with foreign experts to ensure smoke and waste water from the generators is least harmful to the environment,” U Zeya Thura Mon, executive director of Zeya & Associates Co Ltd, said.
Source: Myanmar BUSINESS TODAY