Kyaukphyu Electric Power Company has invested US$172 million in a power generation project in Kyaukphyu, Rakhine State, according to the Directorate of Investment and Company Administration.
The Kyaukphyu Electric Power Co, which is a joint venture between Myanmar’s Supreme Group and state-owned Power China Enterprise, will construct a gas-fired power plant which can generate a total of 135 megawatts of power.
As Myanmar’s power requirement is increasing by about 1,000 MW year on year, a Notice to Proceed was issued for four long-term projects in January, 2018, including the project in Kyaukphyu, Minister for Electricity and Energy U Win Khaing was quoted by state media as saying.
The projects are expected to take at least three years to complete before being able to generate power.
In the shorter term, seven power projects with capacity totaling 1,166 MW are currently being implemented. Other projects will also be carried out to fulfil the country’s power requirement of 1,000 MW in 2021, U Win Khaing said.
