Marubeni to Build Gas-Fired Power Plant in Myanmar
Japan’s Marubeni Corporation, with Sumitomo Corporation, Mitsui, and Eden Group, has been granted permission to develop a gas-fired power plant in the Thilawa region of Myanmar, it said on July 27 in a statement.
The scope of this project includes the building, owning and operation of a 1.25 GW gas-fuelled thermal power plant and onshore LNG receiving, storage and regasification facility, Marubeni said. The scope also includes a long-term power purchase agreement for the sale of generated power to the state-run Electric Power Generation Enterprise, over a 25-year term after commercial operations start.
“Demand for electricity is especially high in the Thilawa region, which has a special economic zone where Marubeni also invests. Marubeni, Sumitomo, Mitsui and Eden Group will continue to contribute to further economic development in Myanmar by supplying safe and stable power through the project,” the company said.
Marubeni will now carry out the detailed feasibility study followed by procuring financing, and constructing the power plant and associated facilities.
Recently, Myanmar’s first gas-fired power plant came online. The plant is operated by CNTIC VPower – an equal joint venture between China National Technical Import Export Corp. (CNTIC) and VPower Group.