[Date Prev][Date Next][Thread Prev][Thread Next][Date Index
Myanmar, Chinese Company Sign Power
- Subject: Myanmar, Chinese Company Sign Power
- From: suriya@xxxxxxxxxxxx
- Date: Wed, 11 Nov 1998 05:47:00
Subject: Myanmar, Chinese Company Sign Power Project Contract
Myanmar, Chinese Company Sign
Power Project Contract
YANGON (Nov. 11) XINHUA - The Myanmar electric power
a Chinese Yunnan company reached one more contract here
Wednesday on the
implementation of the Paunglaung Hydroelectric Power Project
central Mandalay division of the country.
The signing ceremony of the second volume contract between
Myanmar Electric Power Enterprise (MEPE) and the Yunnan
Equipment Import and Export Corporation (YMEC) of China was
Minister of Electric Power Major-General Tin Htut and
Commercial Counsellor of the Chinese Embassy Lin Jian.
Representing their respective parties, Director-General of
the MEPE U Yang
Naing and President of the YMEC Lin Zai You signed the
According to the 10 million U.S. dollar contract, the YMEC
is to provide
machinery and equipment and spare parts for construction of
The Chinese side will extend seller's credit, while the
Myanmar side is to make
advance payment of 5 percent. The term of repayment is 5
years with a grace
period of 2 years.
The first volume contract of the project, which is worth 160
million dollars, was
signed here in early last month, according to which the YMEC
is to provide the
complete set of machinery and equipment, design underground
direct work implementation.
The Paunglaung hydroelectric power station, with an
installed capacity of 280
megawatts accounting for 28 percent of Myanmar's existing
will mainly generate electricity and will also possess
Since 1989, the YMEC has been cooperating with Myanmar in
hydroelectric power stations and has exported to the country
complete sets of
related equipment for 17 small and medium stations of its
kind, accounting for
94.4 percent of the country's hydroelectric power projects.
© 1998 Cable News Network, Inc. A Time Warner
All Rights Reserved. Terms under which this
information is provided to you.
Read our privacy guidelines.
Custom News is built on technology.