Marubeni to build $3-billion coal-fired power plant

Japanese trading house Marubeni Corp said last week said it will build a 1,800-2,000 megawatt coal-fired power plant in Myanmar in a joint venture with Thai utilities, for a total investment of 300 to 350 billion yen ($2.78-$3.24 billion).

The plant will be built in Tanintharyi region in southern Myanmar. About 80 percent of its output will go to Thailand and the remainder to Myanmar, which experiences regular power shortages.

Marubeni plans to form a consortium with Thailand’s state-controlled PTT Pcl, and state-owned Electricity Generating Authority of Thailand (EGAT), as well as two other local firms, one in Myanmar and another in Thailand.

The power station will be built using so-called ultra-supercritical technology that emits 20 percent less carbon dioxide than conventional coal plants.

The contract is the latest in a series of overseas power generation projects won by Japanese trading houses.

Mitsui & Co Ltd said in June that it would build and operate a $3.3 billion coal-fired power plant in Malaysia in cooperation with a local state-owned company.

Marubeni aims to start construction of the plant in 2016, a company spokeswoman said, according to a Reuters report.

Source: Content sharing partnership with Myanmar Business Today

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.