"THE chairman of First Myanmar Investment Co Ltd, U Theim Wai, says an investment of K30 billion will be needed for a 100,000-acre biofuel plantation it is developing in Ayeyarwady Division in partnership with SPA Co. FMI?s chairman, U Theim Wai, told shareholders at the company?s annual general meeting in mid-December the group is expected to have a 30 percent share in the project. The balance would be held by SPA Co, he said. U Theim Wai said 700 acres of jatropha curcas has already been planted under the project, launched by FMI Co and SPA Co, in 2006. ?We are scheduled to plant another 10,000 acres in 2008,” he told shareholders..."