Marubeni has signed a memorandum of understanding (MoU) to support the development of a 400MW gas-fired power generation project in Yangon region, Myanmar.
Under the MOU, Marubeni will conduct feasibility study the power generation facility in Thanlyin district, Yangon. The company signed the agreement with the Ministry of Electric Power of the Republic of the Union of Myanmar (MOEP).
Marubeni will form a consortium with PTT Group subsidiary Global Power Synergy, and Eden Group, in order to complete the feasibility study work.
The project is part of the country’s efforts to increase power generation capacity to meet the rapidly increasing demand.
Upon completion, the project is expected to be the largest gas-fired facility in the region.
Marubeni earlier constructed hydropower plants and thermal power plants, and is currently conducting the feasibility study of a coal-fired power project in the country.
Marubeni is participating in the construction of a high-efficiency gas-fired power plant in Myanmar that will serve a large local industrial park.
The power plant is scheduled to be commissioned in 2019. It is estimated to cost approximately JPY40bn ($325m), reported NIKKIE Asian Review.
The project, which is expected to enter into construction phase as early as 2016, will source gas from a field which is being developed by Global Power Synergy.
Power generated from the facility will be transmitted to the Thilawa industrial park Myanmar’s public power company.
The park is being developed by a consortium of Japanese and Myanmar companies, including Marubeni, near Yangon.