Thursday, January 12, 2012

PTT interested in Dawei power plant investment


Thursday, 12 January 2012 14:22

(Mizzima) – Thailand’s state-owed oil and gas company, PTT Plc, says it is looking at investing in a power plant at the Dawei deep-sea port megaproject in southern Burma after the government cancelled a coal-fired power plant this week.

The Burmese government, citing concerns of local residents and environmentalist, abruptly canceled a 4,000-megawatt coal-fired power plant.

“We were invited to visit the project site. We are keen to invest in a hydrocarbon power plant, which Burma does not have,” said Pailin Chuchottaworn, the president and CEO of the country's largest oil company, according to an article in The Bangkok Post on Thursday.

The fuel used to generate electricity would depend on Burma's government, he said.

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