An agreement on implementing the Nanmatu (Hsipaw) hydropower project with an installation capacity of 210 megawatts was signed on April 29, the Ministry of Electricity and Energy (MOEE) has announced.

The agreement was signed between the Department of Electric Power and Planning under the MOEE and Natural Current Energy Hydropower Co, Ltd. The project is located in Nanmatu River in Hsipaw Township, Kyaukme District, Shan State (North).

Union Minister for Electricity and Energy U Aung Than Oo said the project with an installation capacity of 210 megawatts would generate 1,006 million kilowatts of electricity yearly.

The electricity from the project will be distributed to a large number of households via power supply cables. The minister urged the company to try to complete the project as scheduled.

He also said his ministry was adopting clean energy policies to implement hydropower, solar power and wind power projects.

The agreement on implementing the Nanmatu (Hsipaw) hydropower project was signed Daw Mi Mi Khaing, director general of the Department of Electric Power and Planning and U Sai Tun Tun Oo, managing director of Natural Current Energy Hydropower Co, Ltd.

Myanmar has received a foreign investment of over US$25 billion in its energy sector accounting for 28% of the total foreign investment in all sectors. The investment amount in the energy sector is now the largest of all over the past 30 years.