Fri 31 Oct 2008
Filed under: Business / Trade,News
A Switzerland company will provide consulting services for implementation of hydropower projects in Myanmar, the state-run newspaper New Light of Myanmar reported Friday.
Under the agreement, signed by the Hydropower Implementation Department (HID) under the Myanmar Ministery of Electric Power-1 and the Colenco Power Engineering Limited of Switzerland in the new capital of Nay Pyi Taw on Wednesday, the Switzerland company will supply consulting services for in-house engineering services for the implementation of hydropower projects in Myanmar, the paper said.
Meanwhile, under a memorandum of understanding (MoU) signed earlier this month in Nay Pyi Taw between the Myanmar Ministry of Electric Power-1, the Italian-Thai Development Public Co. Ltd based in Thailand and the Windfall Energy Services Ltd of British Virgin Island based in Singapore, the two foreign companies will launch the hydropower project of 600 megawatts (mw) in Myanmar’s southern Tanintharyi division.
The MoU came after India’s National Hydroelectric Power Corporation Ltd took up two similar projects in Myanmar last month, namely the Htamanthi’s of 1,200 megawatts’ (mw) generating capacity and the Shwesayay’s of 600 mw under similar MoU.
In recent years, companies from Thailand, China, South Korea, Bangladesh and India were engaged in Myanmar’s hydropower projects.