- Japanese Prime Minister attends Myanmar-Japan Economic Forum
- ACE Group to open representative office in Yangon
- EU not allows Chinese grasshoppers exploiting GSP for Myanmar
- Service centre for BMW cars to be opened in Yangon
- Sumitomo, NEC, NTT to build telecom network in Myanmar
- Italian-Thai’s hydropower project in lower Myanmar allegedly stops
- Swiss Upper House Speaker paves the way for Swiss investments in Myanmar
- Myanmar spends US$300m annually for palm oil imports
- First Central Cooperatives Business Center to be opened in June
- Wood, finished-wood products export gets exemption from custom check
Published on Wednesday, 09 January 2013 16:44
A trash dumpsite in Bahan Township (Photo - EMG)
About 60 foreign companies are interested in investing in a waste to energy project in Yangon.
The Yangon City Development Committee (YCDC) said most of the companies are from Thailand, Singapore, Japan and Republic of Korea.
The YCDC issued a call for bids to produce renewable energy from daily trash, by using methane gas and compressed natural gas (CNG) to produce electricity.
Yangon has 33 townships that generate over 1,500 tonnes of daily trash. Of 1,500 tonnes, about 800 tonnes are dumped in Htain Pin waste pit, Hlaingtharyar Township and the rest are discarded at Htar Wai Chaung waste pit in North Dagon Township.
“Foreign companies are interested, and joint venture companies have also inquired about it. They have to calculate the amount of investment. We will help distribute the necessary statistics,” said Aung Myint Maw, division head of Pollution Control and Cleansing Department of YCDC.
“After their analysis is done, they have to submit the final proposal. We will choose the company who will give us better rental fees and the highest share of profit,” he said.
The project will operate under a build-operate-transfer scheme. A total of 80 acres of Htain Pin and 90 acres of Htar Wai Chaung are available for the project.
The deadline for the submission of proposals is on February 28. Companies must submit their profile, office address, the amount of investment, and the ratio of the dividends, and the share of the profit for the project.