JFE-backed waste-to-energy plant to start production in Myanmar in April 2017

Photo: JFE Engineering Corporation.

Japan’s JFE Engineering Corporation – that is engaged in the waste-to-energy space – plans to kickstart production of its 700 kilowatt power plant in partnership with the Myanmar government by April 2017.

The power plant, set up with an investment of $16 million, is expected to start the test run in January 2017, said ITO Hideki, manager of the Yangon branch of JFE Engineering Corporation.

JFE is working as an engineering, procurement and construction (EPC) contractor for the power plant while Yangon City Development Council is developing the project. About 40 percent of the total cost will be subsidized by the Japanese government and the rest would be paid by YCDC, said Hideki.

“The Japanese government has a programme of reducing CO2 green house gases and have subsidised some part of construction fees,” said Hideki during an interaction with DEALSTREETASIA.

Waste mainly from townships of Insein, Shwe Pyi Thar, North Okkalar, Mingalardon would be used as input for the plant while they also have plans to set up a larger one if opportunity permits. Some private companies working in this space include Zeya & Associates Co Ltd.

The plant will supply up to 300 kw power to the national grid and the reset for captive consumption by the plant.

There are several other private companies who are currently in the process of putting up waste to energy plans and negotiating power purchase terms with the YCDC.

“The most important thing is to get an investor as YCDC does not have enough money to build,” said Hideki.

He said it is hoped that YCDC will gain the experience to manage such plants in the future or allow Build, Operate and Transfer contracts.

“We would like to get much bigger projects in Myanmar,” said Hideki. In Myanmar, JFE Engineering is also working on a water treatment project in Dala and Twante townships and is involved with the building of over-bridges in Yangon.

Also Read:

Myanmar’s waste-to-energy space sees private interest, Japan’s JFE-backed power plant to come up in 2017

Myanmar Dealbook: Ryobi to invest $20m in logistics, JFE to complete WTE plant

Japan’s JFE Steel mulls $242m investment in Vietnam-based Formosa Plastic project

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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.