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Thai PTT to open first Myanmar filling station next year

PTT Oil and Retail Business, the retail arm of Thai energy giant PTT Group, said it intends to form a joint venture with KBZ Group to set up a filling station and a reserve facility. “The first PTT station in Myanmar is slated to open before the second quarter of next year,” said Buranin Rattanasombat, […]

PTT wins deal to develop electricity supply for New Yangon City

PTT Group announced today that it has won a deal for the development of an electricity production system for New Yangon City in Myanmar. Chawalit Tippawanich, president and CEO of Global Power Synergy Co Ltd (GPSC), said that the New Yangon Development Co Ltd (NYDC) of Myanmar has chosen PTT Group, comprising PTT Exploration and […]

Thai, Indian Firms Selected to Supply Power, Gas to Myanmar New City Near Yangon

YANGON—The main developer of a controversial new city slated for construction on the western bank of the Yangon River has selected two foreign companies to supply and distribute electricity and natural to for the project. New Yangon Development Company (NYDC) announced on Tuesday that it has chosen Thailand’s PTT Group, comprising PTT, PTTEP and GPSC, […]

Eden Group signs MoU with two foreign companies to build gas power plant

Eden Group, a Myanmar company, signed memorandum of understanding with Japan-based Marubeni Corporation and Thailand-based Global Power Synergy Company (GPSC) to cooperate in the construction of a 400 megawatt gas-fuelled power plant in Thilawa Special Economic Zone. The MoU was signed at the Hilton Hotel in Nay Pyi Taw on Wednesday. The three companies will […]

Thai investment in Myanmar slowing

Thai investment in Myanmar, officially known as Myanmar, is likely to lag behind other countries, from second highest for accumulated value in Myanmar’s direct investment to eighth this year if it keeps investing at the current pace. Despite the steadily increasing clip of Thailand’s foreign direct investment (FDI), the growth is considered relatively low compared […]