$26m for hydropower projects
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The Hydropower Implementation Department under the Ministry of Electric Power will spend more than US$26 million (Bt840 million) in loans from China and other aid on its hydropower projects, according to the budget for the 2014-2015 fiscal year and the Un
The department’s budget includes more than $8 million for machines and iron material to be used for the upper Yeywa hydropower project, over $8 million for the Thahtay hydropower project and more than $4 million for the upper Kengtung project.
According to the bill, China’s loans are being spent on the redisbursement of more than $5 million in loans – for the Golden Energy Company ($2 million), which is operating the Thayyaykhat (2) Project, and Future Energy (more than $3 million), which will implement the Beluchaung (3) Project via the build-operate-transfer system.
It also says that the state-owned enterprises will spend more than $243 million. The large-scale renovation of Beluchaung No 2 power plant will be carried out with the help of Japan.
The Yangon City Electricity Supply Board is planning to upgrade its power generation system with overseas loan assistance from JICA, ADB, NEDA and ODA, the bill said.
