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14 hydropower plants to be built with foreign loans
Published on Wednesday, 07 November 2012 19:10
Myanmar will implement 14 hydropower projects involving more than US$1.7 billion loan from China, according to sources.
The country has already received over $509 million in loans for seven of the projects, said sources in the ministry of electric power.
The projects are: Beluchaung (3), Upper Yeeywa, Upper Seldawgyi, Thuhtay, Upper Kyaintaung, Thaukrayket (2), and Upper Beluchaung.
The seven plants will generate more than 700 megawatts of electricity, according to the ministry.
The loans are being taken mainly from Exim Bank and China Development Bank in China.
The ministry will implement three projects: Thaukrayket (2), Beluchaung (3) and Upper Beluchaung.
The projects, expected to be completed by 2015-2016 fiscal year, are expected to generate 120MW of electricity, officials said.
The ministry and private companies will implement the other projects jointly under build–operate–transfer (BOT) system.
Myanmar plans to build 75 power plants in future. Sixty-seven of them will be hydropower projects and the rest coal-based, according to officials.