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Shikoku Electric and Chugoku to buy stake in Myanmar power plant

Power News - Published on Fri, 17 May 2019

Image Source: Wikipedia
Reuters reported that Japan's Shikoku Electric Power and Chugoku Electric Power would buy 28.5% stake each in Myanmar's Ahlone thermal power plant from a TTCL unit, to expand their overseas operations. The 121 MW gas-fired combined-cycle power station in Yangon had launched commercial operations in April 2013. The 28.5% stake would be worth about 4 billion yen-5 billion yen ($37 million-$46 million), a Shikoku spokesman said, adding that its overseas power generation capacity through its equity holdings would reach 710 MW, which includes the latest deal, about half of its target of 1.5 gigawatt by March-end in 2026.

A company spokesman said that Chugoku's overseas power generation capacity would reach 650 MW after the deal.

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Posted By : Ratan Singh on Fri, 17 May 2019
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