A multi-national joint venture between India, Myanmar and Singapore will build a 500-MW coal-fired power plant in Myanmar's Yangon region, media reports said Wednesday.
The power project will be jointly implemented by Myanmar's Ministry of Electric Power, Orange Powergen Pvt Ltd of India, Global Advisors Pte Ltd of Singapore and Myanmar's Diamond Palace Services Co Ltd through a build-operate-transfer system, Xinhua reported.
The plant will increase electricity supply to the Yangon region, the report said.
In 2012, Myanmar launched two gas-fired 500 MW and 120 MW power projects in Yangon's Ahlone and Thakayta townships under MoUs with companies from South Korea, Thailand and Singapore.
Due to the high demand of power, the government is striving to produce electricity from natural gas, diesel, coal, solar power, wind power, biogas and waste fuel in addition to hydropower.