UOB finances new power plant in Yangon

It will be completed in June.

UOB today revealed that it will finance a new gas-fired electricity power plant in Hlawga, Yangon, Myanmar.

The power plant is expected to start producing 175,000 MWh of electricity per year when it is completed in June this year.

UOB has inked a financing agreement with Singapore-based company Royal GK Private Limited, which has been commissioned by the Myanmar Central Power Co (MCPC) to procure gas engines for the construction of the plant. 

MCPC has an agreement with the Ministry of Electric Power to own and operate the power plant.

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