A Memorandum of Understanding has just been signed by Myanmar electric power authorities and Toyo-Thai Corporation Public Company, a foreign based company to execute a feasibility study about the natural-gas fired and combined cycle power plant project to be established in Ahlone township in Yangon, news report from Xinhua said.
This is the fifth in a row Memorandum of Understanding signed by Myanmar government with foreign investors in response to their interests in establishing generating power from wind and gas-fire of its kind.
Minister of Electric Power-2 U Khin Maung Soe disclosed that the upcoming project could greatly contribute in supplying the demand of electricity by summer.
The Memorandum of Understanding specifies that the Toyo-Thai company is required to conduct a feasibility study for a combined power plant on a 100 megawatt (mw), its effect on the environment and also its social implications, the report said.
The government of Myanmar is focused on the establishment of a power plant in Yangon that can produce 1,000 mw from solar energy and in Mandalay considered to be the second largest city of Myanmar with a production of 200 mw from solar energy.