Hong Kong-listed CNTIC Vpower Company will invest over USD 500 million in 2 different electricity generation, supply and sale projects in both Yangon Region and Rakhine State.

U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration (DICA), announced the news last week but did not provide a timeline as to when the project would be completed.

Hong-Kong topped the list of investors in the first two months of the current financial year, pumping in over USD 1 billion in real estate development, electricity, and garment businesses, according to data from the DICA.