Baht Beyond Borders #5 – Thai investment booming next door
Thanlyn Power Plant, Myanmar
A subsidiary of Thailand’s partially state-owned petrochemical giant PTT, has teamed up with Japan’s Marubeni Corp and Myanmar’s EDEN Group to develop a 400 MW natural gas-fired power plant in Myanmar’s port city of Thanlyin.
Government officials anticipate less public opposition to the proposed facility than has occurred recently surrounding newly proposed coal-fired power plants. Construction is expected to begin in 2016, with completion three years later. The plant will be fed from gas fields licensed by PTT.
Upon completion, the project is expected to be the largest gas-fired facility in the region. It will serve rising residential and industrial demand, and the emerging Thilawa Special Economic Zone and Thanlyin oil refinery retrofit project, which PTT is also chasing.
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