Hong Kong based CNTIC VPower YGI Limited is planning to invest over US$500 million to build a 400-megawatt LNG fired power station in Thaketa Township and a 150-megawatt LNG fired power station in Kyaukphyu Township to generate and distribute electricity, according to the Myanmar Investment Commission (MIC).
The company will spend over US$363 million to build the 400-megawatt LNG fired power station in Thaketa Township, Yangon Region and over US$140 million to build the 150-megawatt LNG fired power station in Kyaukphyu Township, Rakhine State.
A total of 50 countries invested US$82 billion total till at the end of 2018-19 FY with Hong Kong coming in 11th place on the foreign investors list with US$8.6 billion.
