Thilawa Special Economic Zone (SEZ) plans to build a 50-MW power plant and another 20-MW power needed for SEZ will be taken from the national power grid, according to Myint Zaw, marketing chief from Myanmar Thilawa SEZ Holdings Public Ltd.
“Currently we got the green light to take 20-MW from the national power grid. The SEZ will have its own backup generator to be built by Myanmar Electric Power with Japan’s ODA loans. The gas-fired backup generator will have a capacity of 50-MW,” said the Myint Zaw.
“That power plant will be completed by 50 percent at the end of 2015 or at the beginning of 2016. And the remaining 50 percent will finish in the middle or the end of 2016. Then, we will have a 70-MW in total — 20-MW from the government and 50-MW from our own plant, he added.
Thilawa SEZ (A) covers 400 hectares. As first phase, a total of 189 hectares will be implemented.
The companies that have already given the green light will start constructing their factories soon and are expected to start their operations in the mid-2015.
A total of 258 local and foreign companies—102 from Japan, 63 from Myanmar, 28 from Taiwan, 15 from Thailand, 14 from China, 10 from Hong Kong and 34 from other countries, show interests to invest in the SEZ.
A total of 26 of 63 companies—12 from Japan, four from Taiwan, two each from Thailand and Myanmar and one each from China, Sweden, US, Hong Kong, Australia and Singapore have already inked a first-phase agreement.
The construction of Thilawa SEZ, launched in December 2013, has been completed by 44 percent at the end of September this year. Penta Suntac Partnership is in making every effort to finish its construction works in time.
Source: ELEVEN MYANMAR