Sembcorp Takes Another Step on Myingyan Project

​​ Singaporean energy firm Sembcorp signed a build-operate-transfer (BOT) agreement with Myanmar’s energy ministry yesterday for the Myingyan power plant, a high profile energy project expected to receive loans from a variety of international lenders. Tan Cheng Guan, Sembcorp Industries’ head of group business development and commercial, signed the BOT agreement with U Htein Lwin, […]

Sembcorp Myingyan project powers inks build-operate-transfer agreement with Ministry of Electric Power & Energy

Sembcorp Industries (Sembcorp signed a build-operate-transfer) (BOT) agreement with the Ministry of Electric Power and Energy of Myanmar (MOEE), for its upcoming 255-megawatt Sembcorp Myingyan gas-fired power plant in Mandalay yesterday. The agreement between Sembcorp Myingyan Power Company and MOEE was signed by Tan Cheng Guan, Sembcorp Industries’ Executive Vice President & Head, Group Business […]

Condominium by-Laws Delayed With Govt Targeting Completion by Year’s End

A shortage of technical expertise has delayed the issuance of by-laws that would allow sales under the Condominium Law passed last January, industry sources say. Expectations that the law, which was finally passed after considerable debate and delay, would usher in a spate of foreign purchases of Myanmar real estate have so far proved unfounded. U […]

China stands as largest investor in Myanmar’s power sector

China has topped the foreign investors line-up of power sector of Myanmar for four months of this fiscal year 2016-2017, official media reported Thursday. China invested in five projects in electric sector worth with 1.3 billion US dollars, followed by Singapore with 570 million US dollars in four projects, according to an official of the […]

Cable Car Tender for Kyaikhtiyo Pagoda (Golden Rock) Project to start soon

Tender will be invited for cable car project to be implemented at the Kyaikthiyo pagoda also know as Golden Rock, according to the ministry of hotels and tourism. Previously, the tender for the project linking Yathaetaung camp and the summit was won by Sky Asia company limited, a joint-venture between Sky International Co., Ltd of […]

Ministries to hold power over BOT condominium sales

Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday. The Condominium Law passed last month opens the real estate market to foreign buyers for the first time, but makes no mention of BOT developments. This has […]

Mandalay-Muse highway to be upgraded to four-lane asphalt road

The Oriental Highway Company will upgrade the existing Mandalay-Muse two-lane highway to a four-lane asphalt road with a US$ 300 million investment. State-run daily newspapers reported on 1 February that the 283-mile long Mandalay-Muse highway will be upgraded at a cost of US$ 1.2 million per mile. The Ministry of Construction gave the contract to […]

Myanmar targets 17-fold rise in coal-fired power by 2030

THE southern part of Myanmar is being eyed for new coal-fired power plants, in line with the country’s electricity-generation master plan that will boost the coal-fired power ratio 17-fold by 2030. Aye Min, deputy director for thermal power planning, told the “Myanmar Electric Power Convention” last Thursday that most hydropower projects were located in the […]

Railway Enterprises Bleeding Money, Gov’t Aims to Privatise

Myanma Railways-owned enterprises will be privatised step by step, according to an official from the state-run organisation. “We are unable to make profit in some of our operations. So we will prioritise these for privatisation,” said U Arkar Min, commercial manager of Myanma Railway Division (7). “In order to get into the public-private partnership (PPP) […]

New hand dealt for island casino

On the smoky second floor of the Grand Andaman resort, hundreds of people crowd around 44 gaming tables. They are betting on card games like Dragon Tiger, a straight forward affair where people place bets on whether the card in the Dragon or in the Tiger square turns up higher. While the patrons are mainly […]