APR Engery’s Kyaukse power plant project extended through 2016

APR Energy plc, a global leader in fast-track power solutions, announced today that its 102MW project in Myanmar has been extended through 2016, with financial terms similar to those in the initial agreement, according to statement from the company on 17 November. The original contract for the plant, signed in February 2014, was the first […]

Burma to Allow Foreign Banks to Begin Some Operations Next Year

Ground clearance and basic infrastructure preparation work has begun on an industrial estate inside the Thilawa Special Economic Zone, said the Japanese Kyodo News agency. A ceremony marking the start was attended by Japan’s Mitsubishi Corporation, Marubeni Corporation and Sumitomo Corporation plus nine Burmese business partners and Naypyidaw government representatives, said Kyodo. Mitsubishi, Marubeni and […]

Yatanarpon Teleport in talks with international telecom companies

Shein Thu Aung, a member of the Yatanarpon Teleport Company’s board of directors, told Mizzima on 5 November that the company has opened discussions with international telecom organizations. It aims to establish cooperative and mutually beneficial relationships with several overseas firms. “We are currently holding talks with approximately twenty foreign telecommunications companies but have not […]