In two cross-border power sector developments this week, Thailand-based Toyo-Thai plans to set up coal fired plants in Myanmar while MDX is in talks with authorities to set up hydropower projects in Laos .
Toyo-Thai signs MOU to build two power plants in Myanmar
Toyo-Thai Corporation (TTCL), an integrated engineering procurement and construction contractor, and its subsidiary have signed a memorandum of agreement with Myanmar’s Department of Hydropower Planning, to develop two units of 640-megawatt coal-fired power plant in Myanmar, with total investment of $2.8 billion.
Of total investment, $2.3 billion will go toward engineering, procurement and construction contract. Around 75 per cent of the investment will be funded by borrowings from the financial institutes and the rest 25 per cent will come from equity.
President and chief executive officer Hironobu Iriya said that the project would adopt Japan’s Ultra Super Critical technology, and will use four million tonnes of coal, a year, as fuel.
Located in Ye Township, the government has granted 30-years concession to TTCL. The construction is scheduled to be completed in 4-6 years.
MDX in talks with Lao govt to set up hydro power plants
Thailand’s property and infrastructure developer M.D.X. PCL (MDX) is negotiating with Laos government to establish more hydro power plants there, according to local news websites.
MDX currently holds a minority stake in in two power plants with a combined generating capacity of 850 megawatts. Both of them have signed the contracts to sell electricity to Electricity Generating Authority of Thailand.
In the property business, it has around 300 rais of land with an estimated value of 1 billion baht. The local news websites cited that a group of Japanese investors was interested in buying the lands for their future investment.