The ministry has invited production bids of 20MW in Kyun Chaung in Irrawaddy Region and 120MW in Ahlone Township in Yangon Region with natural gas. Bids for production with LNG of 150MW in Kyaukphyu Township in Rakhine State, 350MW in Thanlyin Township and 400MW in Thaketa Township in Yangon Region are being invited.
“My biggest concern is that the state budget will be wasted,” said managing director U Lin Tun of Quasar Resources LLC, a US-based company developing energy infrastructure in Myanmar.
“I heard that one unit of energy produced with LNG will cost 12 or 13 cents [145-199 kyats]. There are many cheaper options. For example, a unit of solar power will only cost 7 or 8 cents. This is 40 percent cheaper, and it can be installed and operated more quickly,” he told The Irrawaddy. (Read More)