The political upheaval in Myanmar that is sowing uncertainty for the future of the Southeast Asian economy may have a mixed impact on local operations of Chinese energy companies, which have acted swiftly in response to the changing situation, several sources told the Global Times. The Myanmar President’s Office declared a one-year state of emergency […]
Chinese demand drives plum prices up
January 18, 2021 by
Plums from Singaing and Patheingyi townships are fetching a good price during plentiful harvest period on the back of China’s strong demand, growers said. The maximum price of the best quality plums in the Muse border market is 40-50 Yuan per 16-kg box, while fair quality plums are priced 25-40 Yuan per box. “The plums […]
CORRECTED-Senior Chinese diplomat Wang Yi visits Myanmar in SE Asia tour, promises vaccines
January 12, 2021 by
YANGON, Jan 11 (Reuters) – Chinese Foreign Minister Wang Yi discussed closer cooperation with Myanmar and promised vaccines against COVID-19, state-run television said on Monday, after he arrived on the first stop of a five-day tour of Southeast Asia. Wang met President Win Myint and Aung San Suu Kyi, the de facto head of the […]
A fugitive Chinese businessman’s high-profile bet in Myanmar
October 29, 2020 by
A high-profile investment project in Myanmar backed by a reclusive Chinese businessman who has done business under at least four names fell under scrutiny for allegations of illegal gambling operations, bringing to light the investor’s shady business history.At the center of the controversy is an ambitious $15 billion project called Yatai City that aims to […]
Chinese Firms Dominate Myanmar Solar Power Project Bids
October 9, 2020 by
Yangon — Six Chinese firms won the tender to implement 16 out of 30 solar power projects across Myanmar, according to the Ministry of Electricity and Energy. The ministry in May invited bids for the construction of 30 ground-mounted solar projects capable of generating a total of 1 gigawatt (GW) of power under a 20-year […]
China Dominates Myanmar Renewables Tender, Winning 29 Of 30 Bids
October 6, 2020 by
When the winning bidders for 30 sites being developed as one of Myanmar’s largest ever solar power projects were announced, 29 of the sites included Chinese based or registered companies. The tender being bid for was a 1.06 GW PV project earlier in the month, and as is so often the case in South East […]
Chinese Companies Flocking to Southern Myanmar’s Industrial Complex Megaproject
September 30, 2020 by
YANGON—Despite the surge in COVID-19 in Myanmar, Chinese companies including state-owned energy giants are seeking opportunities to invest in the Dawei Special Economic Zone (SEZ), a US$8-billion (10.4-trillion-kyat) strategic project in southern Myanmar’s Tanintharyi Region that is set to be Southeast Asia’s largest industrial complex. The Dawei SEZ management committee has invited international companies to […]
Chinese companies dominate Myanmar solar tender
September 23, 2020 by
When bids were opened in Myanmar’s 1.06 gigawatt solar power tender on 9 September, a few names were repeated over and over: Sungrow Power Supply Co Ltd and China Mechanical Engineering Corporation, State Power Investment Corporation, China Gezhouba Group and Xian Longi Clean Energy Co Ltd. In the end, all but one of the winning […]
Two Chinese firms conduct feasibility studies for Dawei SEZ refinery
September 11, 2020 by
Yunnan Indo-Pacific Group and CNPC East China Design Institute will conduct the feasibility studies in cooperation with local company Myanmar Chemical and Machinery Co. Ltd (MCM). MCM last month asked for permission from the Ministry of Electricity and Energy (MOEE) to conduct the study for the refinery, which will have the capacity to process 8 […]
Chinese developers sweep up 1GW solar bids in Myanmar
September 11, 2020 by
Exclusive: Firms from China have swept up all but one of the solar projects after a tender which was widely criticised for effectively keeping out local and most international bidders. Chinese companies and their consortia have won the bid to build 28 out of 29 solar plants tendered by the Ministry of Electricity and Energy, […]
