Myanmar-based CAG Engineering Company Limited, a subsidiary of the CAG Group, has signed a memorandum of understanding (MoU) with Thailand-based PEA Encom Company Limited, I Power Company Limited, R & J Company Limited, Mega Prime Group, and Z Carbon to use traditional and renewable energy for sourcing power in both the countries.
The agreement encompasses a range of renewable and traditional power sources, including solar, wind, hydro, and natural gas projects, with a future potential collaboration on geothermal power generation. This partnership aims to ensure a more secure and diverse energy future for both countries. CAG Engineering Company Limited is leading Myanmar’s solar energy development, with five solar projects totalling 210 MW. The first project, with a capacity of 90 MW, has already been implemented in the Nay Pyi Taw Council Area. Other projects are planned for Ayeyawady, Mandalay, Magway Regions, and southern Shan State.