YANGON, Myanmar Aug. 12 (NNN-Xinhua) -- The Myanmar electric power authorities have signed a memorandum of understanding with one more foreign companies, the Toyo-Thai Corporation Public Company, on conducting feasibility study for a natural-gas-fired and combined cycle power plant project to be built in Yangon' Ahlone township, official media reported Sunday.
It is the fifth MoU of its kind signed on Saturday with foreign companies after those for generating power from wind and from gas- fired ones.
The project would play a part in satisfying power demand in next summer, the New Light of Myanmar quoted Minister of Electric Power-2 U Khin Maung Soe as saying.
According to the MoU, the Toyo-Thai company is to make feasibility study for a 100-megawatt (mw) combined cycle power plant and environment and social impact.
Last month, India-based Gamesa company and Thai-based SPCG company had started engagement in exploring investment opportunities in Myanmar's wind and solar energy industry, while Myanmar is regarded as a major wind power market with possession of higher wind speed.
Myanmar authorities is interested in building power plant that can generate 1,000 mw from solar energy in Yangon and another 200 mw in Mandalay, the second largest city of Myanmar.
Myanmar produced up to 9.71 billion kilowatt-hours of electricity in 2011-12 but the demand is still not met.
According to high demand, the government is striving to produce electricity from natural gas, diesel, coal fire, solar power, wind power, bio-gas and waste fuel in addition to hydro-power. -- NNN-XINHUA