Big gas turbine tender to launch

Myanmar’s ageing natural gas turbines are due for renovations as the Ministry of Electric Power (MOEP) plans a tender this year, according to officials. The mostly American-made GE turbines have generally been operating for over 40 years, fuelled by onshore natural gas, and are well past due for replacement, said MOEP Thermal Power Department chief […]

MPT partnership talks drag on with foreign firm

Talks between Myanma Posts and Telecommunications (MPT) and Japan’s KDDI continue despite passing an internal deadline, according to insiders. MPT officials told The Myanmar Times previously that an agreement would be announced by the end of May, but now they say there is no firm end in sight. “Both sides want to sign an agreement […]

Japan to Fund New Yangon Bridge

YANGON — Construction of a new bridge to connect downtown Yangon with Thaketa Township will begin in April next year, according to the Japan International Cooperation Agency (JICA), which is funding the project. The Japanese aid body is providing a maximum grant of about US$4.1 million for the four-lane bridge, with an “extradosed” architectural style […]

Who’s building the towers?

A look at the who’s who in the construction of Myanmar’s telecoms infrastructure, and the joint venture alignments that have formed. Apollo Towers Engaged in construction, management and leasing of telecoms infrastructure to Myanmar operators, Apollo Towers has signed an agreement with Telenor to build 1001 towers. The Singapore company is chaired by former Orange […]

Vietnam’s FPT enters Myanmar’s telecommunication market

FPT, Vietnam-based information and communications Technology Company, recently signed a joint venture deal with Irrawaddy Towers Asset Holding to set up cellular towers in Myanmar. “The FPT has rich experience in telecommunications industry in Vietnam and other Asian countries. We would like to help Myanmar to develop its telecommunications sector,” said Duong Dung Trieu, FPT’s […]

Mitsubishi helping Myanmar fix waterworks in privatization bet

YANGON — Feeling confident that Myanmar will eventually privatize its water sector, Japanese trading house Mitsubishi corp. is helping local governments there improve their water infrastructure and management. The water services market there is a potentially lucrative one, and the company is hoping its investment now will give it a leg up on rivals once […]

Japan to become catalyst for Myanmar stock exchange project

TOKYO — Japan Exchange Group and Daiwa Securities Group will invest several billion yen in a stock exchange being planned in Myanmar, providing broad support for creating capital markets in that country. The duo is working with the Myanmar government to set up an operating company as early as June. It will help the country […]

Myanmar inks new subsea internet cable deal

At the end of March, Myanmar Post and Telecommunications (MPT) signed a contract to bring a new subsea Internet cable to Myanmar. Projected to be completed in early 2016, the cable should bring more stability to the country’s often teetering Internet connection. MPT was one of 15 signatories at the construction contract signing ceremony in […]

Plans for Coal-Fired Power Plant Face Opposition in Mon State

YANGON — Plans to build the first coal-fired power plant in Mon State have come under fire by local residents, who say they worry about pollution and potential health ramifications. The Thai-based Toyo-Thai Group held a consultation meeting on Friday with local residents to explain plans to build a 1,280 MW power plant in Inn […]

Woodside set to sign for 25% Leviathan stake as Myanmar approves exploration acreage

Woodside Petroleum’s offshore expansion has taken a large step forward with the group expected to sign final agreements overnight Thursday to take up a quarter stake in Israel’s giant Leviathan project, just as it was awarded additional exploration acreage in Myanmar. Woodside is finalising the purchase of a 25 per cent stake in the Leviathan […]