SEMBCORP Industries has made its foray into Myanmar's power market.
Friday, its wholly owned subsidiary, Sembcorp Utilities, received the
notice of award to develop and operate a 225-megawatt gas-fired power
plant in central Myanmar by the Myanmar Electric Power Enterprise
(MEPE), a division under the Ministry of Electric Power of Myanmar.
US$300 million power plant, located in the Myingyan district of
Mandalay division, is set to be the largest gas-fired independent power
plant in Myanmar.
The plant is expected to be completed in 2017
and will supply power to MEPE under a 22-year power-purchase agreement.
Sembcorp will have at least an 80 per cent stake in the project.
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.