I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Friday, 24 April 2015

Sembcorp clinches power-purchase deal for gas-fired power plant in Myanmar



SEMBCORP Industries has made its foray into Myanmar's power market.

On 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.

The 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.

Posted by Createwealth8888 at 17:42
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