Briefs
Natural gas power plant in Myanmar’s Thilawa SEZ to be completed by 2018
A natural-gas power plant in Myanmar’s Thilawa Special Economic Zone will be completed by next year and will have 50-megawatt capacity.
The plant will be financed with a loan from the Japanese International Cooperation Agency, and after completion will provide sufficient electricity to industries in the zone, the government says.
According to the Ministry of Electricity and Power, there are priority projects to be completed this year and next in the production and transmission of electricity, and controlling the power |system.
To provide adequate electricity for the whole country, the government is encouraging the production of electricity from hydro, natural gas and diesel power but also from renewable energy such as solar and wind power.
The ministry is also working on the construction of the upper Namt Htwan Hydel power project in Puta O, Kachin state, this year and next. It is also working on increasing production from existing power plants, and plans are on the way to transmit electricity to regions not currently on the grid. – Myanmar Eleven
Zuellig Pharma invests in HBC
Zuellig Pharma, a major healthcare-services provider, has invested in Health Benefit Consultants Company (HBC) through its Malaysian subsidiary MiCare.
With this investment, HBC expects its revenue to increase by about 40 per cent over the next 12 months.
HBC is a third-party administrator in Thailand providing medical claims administration and related consulting and advisory services to corporates and insurance companies. It was established in 1993 and serves 17 Thai and three foreign companies. It assesses about 25,000 claims per month.
Moses Hee, Zuellig Pharma vice president for integrated solutions, said this partnership would focus on growing HBC in Thailand and expanding the services and health benefits it offers to Thais.
Correction
The Bt18-billion renovation of Central Embassy as reported yesterday in The Nation’s Business Section was incorrect. The fact is that Bt18 billion is the total investment value of the retail complex. We apologise for the error.
