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Kyaukphyu power deal expected ‘within weeks’: Supreme Group

The consortium developing a 135-megawatt power project at Kyaukphyu in Rakhine State expects final approval of a power purchase agreement within weeks, a spokesperson says. Myanmar’s Supreme Group and Chinese state-owned firm Sinohydro are jointly developing the US$180 million project, which will use gas from the Shwe field and generate power for distribution in Rakhine […]

POSCO DAEWOO to invest 511.7 bln won in Myanmar gas field

POSCO DAEWOO Corp., the trading-to-energy development unit of steelmaker POSCO, said Thursday it will invest 511.7 billion won ($475 million) in a joint gas field development project in Myanmar. POSCO DAEWOO will head the joint project, in which India’s state-run Oil and Natural Gas Corporation, the Myanmar Oil and Gas Enterprise, Gail (India) Ltd. and […]

Myanmar to Get Better Profit-Sharing Deal in Rakhine Port Project

Myanmar is set to receive a greater amount of the profit-sharing in a $7.2 billion deep-sea port development project in the town of Kyaukphyu in western Rakhine state, though negotiations with the main Chinese investor are ongoing, a commerce ministry official said Monday. A consortium led by CITIC Group Corporation Ltd., China’s state-owned investment company, […]

Myanma Electric Power Enterprise invites open tender to Generate Electricity and to build Gas Power Plant in Yangon and Myingyan; Closing Date: Oct 1 & 9, 2015

Subscribe to our tender alert mailing list Ministry of Energy Myanma Electric Power Enterprise Invitation for open tender Myanma Electric Power Enterprise invites tender – 1. to generate electricity by Gas Engine or Gas Turbine Generator by using Fifteen million cubic of Shwe gas field in Myingyan of Mandalay Region in US dollar. Tender Closing […]

Singapore-Led Consortium CPG Wins Kyaukphyu SEZ Consulting Tender

Subscribe to our tender alert mailing list YANGON — The Myanmar government has chosen a group of companies led by Singapore’s CPG Corporation to do consultancy work for the massive Kyaukphyu Special Economic Zone project. During a press conference Monday, a consortium of five companies led by CPG was named as the winner of an […]

Myanmar Gas Exports to Slow as Pipeline Closes for Work

YANGON — The Thai government is reportedly taking measures to avoid a shortage of energy after Myanmar announced a half-month stoppage of the Yetagun natural gas project. An official at the Burmese Ministry of Energy told The Irrawaddy that the pipeline, which takes gas from the Yetagon offshore gas field in the Andaman Sea to […]