Plant awaits Myanmar OK

Plant awaits Myanmar OK

SET-listed Global Power Synergy Plc (GPSC), Thailand's leading producer and distributor for utilities, is waiting for the Myanmar government to decide on a request for construction and operation of a 2,000-megawatt coal-fired power plant in Myeik, southern Myanmar after a recent feasibility study and environmental impact assessment.

It plans to invest in the project with partners Japanese Marubeni Corporation, the international arm of Thailand's Electricity Generating Authority, Bangkok-based SRI Energy Co and Myanmar-based Ayeyar Hinthar Holdings Co.

GPSC, which is also the utilities arm of Thai energy flagship PTT Plc, said the project would adopt clean coal technology to control sulphur and nitrogen emissions from the electricity-generating process.

In a related development, a major shareholder in GPSC, IRPC Clean Power, said a small 240-MW, 180-300 tonnes-per-hour power and steam producer was progressing as planned.

In the first phase, 45 MW of electricity and up to 100 tonnes per hour of steam will be sold this year to IRPC, an integrated petrochemical unit of PTT.

GPSC shares closed yesterday on the SET at 23.60 baht, down 30 satang, in trade worth 67.4 million baht.

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