Japanese firms win contract for 1,250 MW gas-based power plant in Myanmar

Japanese firms Marubeni, Sumitomo Corporation and Mitsui & Company has wona contract worth $2 billion to build a 1,250 MW liquefied natural gas (LNG)-fired power plant in Myanmar.

The plant is expected to start operating by 2025 with a capacity equal to about 20 per cent of Myanmar’s existing power plants. The three companies will operate it through a joint venture proposed to be established with the Eden Group, a local conglomerate whose businesses include real estate and agriculture.