Marubeni to Overhaul Power Plant in Myanmar

TOKYO — Japanese trading house Marubeni will upgrade a natural-gas-fired power plant in Myanmar, aiming to strengthen its power-related business on expectations of growing electricity demand in emerging Asia. The roughly 2.5 billion yen ($21.9 million) order will be financed with a low-interest loan from the Japan International Cooperation Agency. Wholly owned subsidiary Marubeni Power Systems will […]

Toyo Construction, JFE to build port in Myanmar

TOKYO — Toyo Construction and JFE Engineering have received an order from the Myanmar government to build port facilities in a special economic zone near Yangon. The order, valued at about 14 billion yen ($117 million), was awarded to the Japanese companies via competitive bidding. The project will be funded by Japan’s official development assistance […]