GPSC, the flagship power business of top Thai energy firm PTT PCL, and the consortium have signed a memorandum of understanding with Myanmar's government, Noppadol Pinsupa, the president of GPSC, said in a statement.
The power plant, to be located at Thanlyin, will serve rising demand from the residential and industrial sectors,including the Thilawa special economic zone and the Thanlyin oil refinery improvement project that the PTT group is bidding for, it said.