Business News
Myanmar and China agree to develop Kachin hydropower plant
Jul 25, 2010, 6:58 GMT
Yangon - State-controlled companies from Myanmar and China have inked a deal to build a 1,055-megawatt hydropower plant on the Ngawchanka river in Kachin province, news reports said Sunday.
The signing of an agreement was witnessed Friday by Myanmar Minister for Electric Power No (1) Zaw Min and Yunnan Provincial Investment Holding Group chairman Bao Minghu, the New Light of Myanmar reported.
The project will be implemented in five stages by a joint venture between China's YPIC International Energy Cooperation & Development Company and Myanmar's International Group of Entrepreneurs Company.
The Ngawchanhka project is expected to export its electricity to neighbouring Yunnan province in southern China.
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