Myanmar, S.Korean company launch solar power plant in Rakhine state

A stake driving ceremony has been held in Manaung township, Myanmar’s Rakhine stake to build a solar power plant which can supply 24-hour electricity to more than 1,000 households, Myanmar News Agency reported Sunday. The first-phase project was launched on Saturday by the Ministry of Electricity and Energy, Rakhine state government and the POSCO Daewoo […]

Basic Energy buys stake in 2 Thai EPC firms working on 220 MW Myanmar PV project

The Philippines-based energy company has signed the share purchase agreements to acquire a 15% stake in two Thai companies, which are building a 220 MW utility-scale solar power project in Myanmar. Philippine-listed energy developer Basic Energy has purchased a 15% stake in two Thai EPC contractors, Vintage EPC Co. Ltd (VEPC) and VTE International Construction […]

Jotun opens factory in Myanmar

Jotun, a privately-owned Norwegian paint maker, has opened a K14 billion factory in Bago Region. Located in the Bago Foreign Industrial Zone, the 4-hectare plant will provide paint manufacturing jobs for more than 60 employees. Jotun first entered Myanmar in 2013 before obtaining an investment license to build the factory from the Myanmar Investment Commission […]

Gunkul eyes Thai, Myanmar power sectors

Gunkul Engineering plans to invest more than Bt12 billion (Ks 360 billion) over the next two years to develop wind-power plants in Thailand and gas-powered plants in Myanmar. This is part of the company’s strategy to transform itself from an importer and provider of electrical equipment into a power producer in Asean. It aims to […]