Published on Tuesday, 20 November 2012 22:25
Japanese and Myanmar officials have discussed about loans for the power sector, according to the Directorate of Investment and Company Administration (DICA).
The discussion took place when a Japanese delegation led by Fuminori Inagaki, vice chairperson of Nippon Export and Investment Insurance, met Dr Khin San Yi, deputy minister of National Planning and Economic Development, in Nay Pyi Taw on November 8.
According to a DICA announcement last week, the officials discussed various aspects of possible Japanese loans for a significant development of Myanmar’s electricity sector by 2015.
They also discussed about possible cooperation for the Hlaing Thar Yar Natural Gas Turbine Compound Cycle Electricity Project.
Myanmar government has planned to offer 89 electricity projects to private companies. So far, domestic companies have won 58 projects while foreign firms nine. The government is now inviting investments from both sectors for the rest 22 projects, according to ministry of electrical power.
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