SGP to acquire power plant in Myanmar

SIAMGAS and Petrochemicals (SGP), a supplier of liquefied petroleum gas, will take over a 230-megawatt power plant in Myanmar for US$48 million (Bt1.69 billion) in cash as part of its drive into other energy businesses. The combined-cycle power plant in Myanmar should give SGP higher income and return on investment, which should add value to […]

WHA eyes expansion into Asean, Myanmar

Stock Exchange of Thailand-listed WHA Corporation will set up fully integrated models in its four core businesses to meet expanding investment in ASEAN, though Myanmar investment will depend on the final election result. The company has restructured its operation over the past year to increase its efficiency, compete better internationally and meet rising demand, said […]

SET to help Yangon stock exchange establishment

The Stock Exchange of Thailand is ready to help the Yangon Stock Exchange (YSX), which Myanmar in cooperation with Japan’s Daiwa Securities Group plans to launch after the November 8 elections, said the SET head. Kesara Manchusree, president and chief executive of the Thai exchange, told Myanmar Eleven on the sidelines of “Myanmar Banking and […]

Bangkok Bank set to open branch in Yangon

Bangkok Bank (BBL) is set to open its first branch in Myanmar next Tuesday after obtaining permission from the Central Bank of Myanmar. The Yangon branch will provide a full range of services for foreign-invested companies and domestic banks in Myanmar in both foreign currencies and kyat, BBL said in a statement. The bank was […]

Toyo-Thai to Invest $2.8 Billion for Myanmar Power Plant

Toyo-Thai Corporation Public Company Limited (TTCL) announced that it has entered into an agreement with the Department of Hydropower Planning under the Ministry of Electric Power to build and operate a 1,280 megawatt power plant. The construction contract for the coal-fired plant at Ye township in Mon state is worth an estimated $2.3 billion, while […]

Thai’s Vintage enters into Myanmar’s alternative energy business

Attracted by the country’s growth potential, Vintage Engineering plans to pursue alternative-energy business opportunities in Myanmar via the construction of a solar energy-driven power plant, after acquiring a stake in a company holding a permit for a 220-megawatt facility. The listed company is also ready to acquire power plants in Thailand and abroad. Vintage has […]

Green Earth Power (Thailand) wants partners for 210 MW Solar Plant in Myanmar

NAY PYI TAW : Green Earth Power (Thailand) or GEP is seeking partners for joint development of its 210-megawatt solar power plant in Myanmar, the third largest of its kind in the world and costing nearly 9 billion baht. The company also plans to mobilise funds from the Stock Exchange of Thailand for a bigger […]