Marubeni, GPSC in power plant deal
Japan-based Marubeni Corporation and Thailand-based Global Power Synergy Company (GPSC) have signed a memorandum of understanding with Eden Group to cooperate in the construction of a 400 megawatt gas-fuelled power plant in Thilawa Special Economic Zone.
The MoU was signed at the Hilton Hotel in Nay Pyi Taw on Wednesday.
The power plant is in partnership with the Electric Power Ministry. Minister Khin Maung Soe said within nine months, subsequent steps will be carried out including a feasibility study, locating a project site, environmental and social impact studies, discussions on joint the venture agreement, mapping a business plan and submitting a proposal to the Myanmar Investment Commission.
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