SIAMGAS and Petrochemicals (SGP), a supplier of liquefied petroleum gas, will take over a 230-megawatt power plant in Myanmar for US$48 million (Bt1.69 billion) in cash as part of its drive into other energy businesses. The combined-cycle power plant in Myanmar should give SGP higher income and return on investment, which should add value to […]
UOB to finance new power plant in Myanmar
April 21, 2015 by
SINGAPORE: United Overseas Bank (UOB) announced on Monday (Apr 20) a financing agreement with Singapore-based company Royal GK – a company commissioned to help meet Myanmar’s rising demand for energy. Royal GK, an engineering procurement and construction company, was contracted by the Myanmar Central Power Co (MCPC) to procure gas engines for the construction of […]
UOB finances the first Singapore company building a power plant in Mon State, Myanmar
February 26, 2014 by
Nay Pyi Taw, Myanmar, 24 February 2014 – United Overseas Bank (UOB) today signed a financing agreement with Singapore company Asiatech Energy to build a combined cycle gas-fired power plant in Mon State, Myanmar. Asiatech Energy was commissioned to construct the power plant in Mawlamyaing Township by Myanmar Lighting IPP Co. Ltd (MLC). MLC will […]
