Construction of an expressway connecting the city of Bago and Kyeik Hto township in Mon State is expected to start in fiscal 2022-23, U Aung Myint Oo, Director General of Department of Highways under the Ministry of Construction, told the Myanmar Times. This comes after the Asian Development Bank (ADB) last week approved a US$483.8..
Two Chinese firms will commence feasibility studies for the construction of an oil refinery in Dawei Special Economic ZOne (SEZ) in Tanintharyi Region soon.
Yunnan Indo-Pacific Group and CNPC East China Design Institute will conduct the feasibility studies in co-orperation with local company Myanmar Chemical and Machinery Co.Ltd (MCM). MCM last month asked for permission from the Ministry of Electricity and Energy (MOEE) to conduct the study for the refinery, which will have the capacity to process 8 million..
The Pathein Bridge (2), which directly connects Pathein Mahabandoola Road with the west bank of Ngawun River in Ayeyarwady Region, will officially open for traffic in September, according to the Ministry of Construction. The bridge, which was connected to accommodate rising traffic as a result of housing expansion by the river, was completed in July..
Although earnings at PTT Exploration and Production (PTTEP) halved in the first six months of the year, the Thai oil company will continue to focus on its key major investments, which includes gas fields in Myanmar as well as Thailand, Malaysia and the Middle East, Mr Phongsthorn Thavisin, President and CEO of the company, said..
The Magwe-Shwe Taung gas pipeline will be upgraded thanks to a loan from the South Korean government, says U Kyaw Nyan Tun, deputy managing director of Myanma Oil and Gas Enterprise. “The project is one that was discussed by South Korean President Moon Jae-in during his visit to Myanmar last September. Under the project, the..
Myanmar will announce the winners for a 1060-megawatt solar project tender “very soon,” said U Soe Myint, Deputy Permanent Secretary of the Ministry of Electricity and Energy. “The announcement will be made soon and we are screening the companies. We want to be fast bust also have to be accurate as well,” he said. Power..
Myanmar has suspended a 380-megawatt hydropower project at the Manipur River in Chin State due to high risk, U Tun Naing, Deputy Minister for Electricity and Energy, told the Hluttaw last week. “After a review at the State Econominc Coordination Committee Meeting, this project was found to be more risk than reward and thus a..
The Upgrading of a combined cycle gas turbine power plant in Ywama, Yangon, has been given the go-ahead by the Ministry of Electricity and Energy (MOEE). The Power plant is located in Insein township, and the US$300 million required for the upgrading will be provided by the World Bank. A tender for the project will..
The Myanmar Investment Commission (MIC) on July 31 approved the US$230.6 million Hlegu Industrial Park, which will be developed by Singapore’s Sembcorp Industries. The project, set to cover some 1487 acres in Hlegu township, Yangon, was signed between Sembcorp CSSD Myanmar Co and local partners City Mart Holding Co Ltd (CMHL), and Myanmar Agribusiness Public..
A new Special Economic Zone (SEZ) will be implemented in Mon State, Connecting Myanmar with the Mekong Subregion East-West Economic Corridor, Government officials said at a Myanmar-Japan Investment Forum on July 29. The new SEZ aims to connect with Danang, Vietnam, and will be the largest SEZ in Myanmar if approved, said U Thaung Tun,..