British companies have signed deals with local counterparts to invest in the electricity sector during a trip by Myanmar officials to London, according to an embassy announcement last week.
The deals come following the widely-touted success of the United States’ APR Energy plant it set up in Mandalay Region on June 6.
The two recent deals are between United Kingdom-based Rolls Royce and temporary power generation firm Aggreko, and Myanmar companies Zeya and Associates and Andaman Power and Utility. They were signed during the visit of Myanmar’s minister for electric power U Khin Maung Soe to the United Kingdom.
“It is a pleasure now to see business being done that supports important national infrastructure in Burma,” said Hugo Swire, a UK minister of state for the foreign office, according to the press release.
Rolls Royce will provide three 9.2 megawatt gas turbines for Zeya and Associates’ Hlawga power plant in Yangon Region. The plant is expected to deliver 25 megawatts when completed. The second deal between Aggreko and Andaman Power will contribute the development of a temporary gas power plant in Tanintharyi Region to provide electricity for Dawei.
U Khin Maung Soe also met with a number of British companies, aiming to garner more investment in power generation and transmission in Myanmar.
Source: MYANMAR TIMES