Japanese trading company group builds LNG thermal power plant in Myanmar
Last month, the Myanmar government granted exclusive rights for building a power plant under the Thilawa LNG To Power Project to SUMITOMO CORPORATION, Marubeni Corporation, MITSUI & CO., Ltd, and the Eden Group Co., Ltd, a conglomerate in Myanmar, in the Thilawa district near Yangon, the largest city in Myanmar. These four companies will establish a joint venture(JV) to build a thermal power plant that uses liquefied natural gas (LNG) as fuel. The JV will not only build the power plant, but will also take charge of the procurement of LNG and the construction, ownership and operation of storage and regasification facilities.