ITD facing big risks after power plant plan in Burma scrapped
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Italian-Thai Development's development plan for Dawei (Tavoy) contains big risks, following Burma's recent decision to scrap the planned 4,000 megawatt coal-fired power plant for the industrialised zone, DBS Vickers Securities (Thailand) said.
n a research note, the house noted that the Dawei development project is still far from reality.
“Despite potential to bring economic prosperity to Burma, the project is still in its infancy and clouded with risks. In our view, ITD faces a country risk and an unpredictable business climate. The sudden call to halt the 4,000MW coal-fired power plant project would make it difficult for ITD to secure strategic partners to help fund the project.
