Myanmar seeking Japanese loan for power project

Myanmar seeking Japanese loan for power project

YANGON, Jan. 29 (Xinhua) — Myanmar’s parliament is seeking a loan of 24.678 billion yens (246.78 million U.S. dollars) from the Japan International Cooperation Agency (JICA) for several power projects in the central part of the country, parliament sources said Thursday.

The loan will be used in building two power stations in Meikhtila in Mandalay region and Toungoo in Bago region.

With an interest rate of 0.01 percent, the loan will be paid back in 40 years, the sources said.

Aimed at supplying more electricity to the country and contribute to its economic development, the project will also be a part of electricity network in the Association of Southeast Asian Nations and Greater Mekong Subregion, the sources added.


NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here