Myanmar News
Five South Korean companies have recently launched a 500-megawatt (mw) gas-fired combined cycle power plant project in Thakayta township, Myanmar’s Yangon, aimed at fulfilling its power demand in summer of 2014 and supplying electricity to the Thilawa special economic zone (SEZ). The five South Korean companies are Busan Korea Biotechnology Co, Korea Western Power Co, […]
Continue ReadingConsumers will have to pay twice as much for electricity by 2017 if power generation still relies on natural gas, and the options of nuclear or coal are not included in the National Energy Development Plan. To rectify this, the Electricity Generating Authority of Thailand (Egat) is revising its power development plan and will propose it […]
Continue ReadingMandalay Golden Wings Construction company last week unveiled plans to build the country’s tallest building in Yangon’s Mayangone township. The company has started work on the US$60-million, 34-storey Diamond Inya Palace building on a 2-acre block near Inya Lake, and expects to finish by the end of 2015, a Mandalay Golden Wings spokesperson said last […]
Continue ReadingThe construction industry’s lack of workers has resulted in many projects not being able to expand, says the Construction Institute of Thailand (CIT). Chakporn Oonjitt, executive director of the CIT, which is under the Industry Ministry, said some works, especially housing projects, have been delayed, while developers have been reluctant to take on new ones. […]
Continue ReadingArchetype Group, a leading multi-disciplinary construction consultancy in Asia, announced today their appointment as Project and Construction Manager for the new prestigious and iconic MahaNakhon Tower in Bangkok. The MahaNakhon Tower is a striking mixed-use development in the heart of Bangkok’s central business district. It features a unique design that introduces a three-dimensional ribbon of […]
Continue ReadingThe Myanmar electric power authorities and five South Korean companies have launched a 500- megawatt (mw) gas-fired combined cycle power plant project in Yangon’s Thakayta township, official media reported Sunday. The five S. Korean companies are Busan Korea Biotechnology Co, Korea Western Power Co, Hyundai Engineering and Construction Co, Hana Daetoo Securities Co and Hexa […]
Continue ReadingCondominium developers are urging the Bangkok Metropolitan Administration (BMA) to speed up amending car park requirements for projects along the mass transit systems. Thamrong Panyasakulwong, president of the Thai Condominium Association (TCA), said this would benefit condominium buyers, as easing municipal requirements for car parks would increase the saleable area of condos while reducing their […]
Continue ReadingThe revised Power Development Plan (PDP) spanning 2013-30 requires a total budget of 800 billion baht for power plants and transmission lines, said the Electricity Generating Authority of Thailand (Egat). The PDP, which was revised a month ago, aims to add 55,000 megawatts of new capacity by 2030, said Pongdith Potchana, Egat’s deputy governor for […]
Continue ReadingAfter months of negotiations and failed promises, a proposed multi-billion dollar Myanmar port and special economic zone that could transform Southeast Asian trade appears back on track. Thai banks aim to keep the project afloat with short-term loans until an expected Japanese loan of up to $3.2 billion can be secured, officials and sources famliar […]
Continue ReadingAfter months of negotiations and failed promises, a proposed multi-billion dollar Myanmar port and special economic zone that could transform Southeast Asian trade appears back on track. Thai banks aim to keep the project afloat with short-term loans until an expected Japanese loan of up to $3.2 billion can be secured, officials and sources famliar […]
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