USD 171 Million ADB loan to help expand electricity access
The Asian Development Bank (ADB) announced on December 5th it has approved a USD 171.27 million loan to help Myanmar construct 44 medium-voltage substations and 1,006 kilometers of distribution lines across Kayin state and the Ayeyarwady, east Bago,LNG power station in Yangon has started generating electricity
As reported last week in one of our articles, after receiving a delivery of LNG from Petronas, the power station operated by the Joint Venture between Hong-Kong listed VPower Group International and China National Technical Import and Export Corporat20.54MW gas power plant project in Kyunchaung to be finished soon
The Kyunchaung power plant in Magway Region built by Hong-Kong based VPower will soon be ready to start operations. The electricity produced by Kyunchaung gas power plant will be supplied to the national grid. VPower, in a consortium with Chinese staFDI inflows for current fiscal year top USD 2 billion, Hong Kong firms take top spot
According to DICA (Directorate of Investment and Company Administration), the total FDI inflows for current fiscal year topped USD 2 billion at USD 2.089 billion exactly. The energy sector accounted for nearly half of the total while Hong-Kong based
Hong Kong and Chinese partnership to invest USD 800 million in power projects
A partnership between a private Hong Kong company and a Chinese state-owned enterprise will invest USD 800 million in three new power plants. Hong Kong-listed VPower Group announced that it will establish a joint venture agreement with Chinese state-
