Myanmar: JICA Loan Worth $107.8 Million to Go to Maintenance of Two Hydropower Plants

Myanmar: JICA Loan Worth $107.8 Million to Go to Maintenance of Two
Hydropower Plants

The Myanmar government will receive $107.8 loan from the Japan International
Cooperation Agency (JICA), for the maintenance of two hydropower plants
after approval for the loan was passed by parliament, the Myanmar News
Agency reported.

The loan will go to the maintenance of the Beluchaung and Hsedawgyi
hydropower plants. Beluchaung power plant in Lawpyita, Kayah State, is to
undergo extensive maintenance from 2017 to 2023 so that the plant can reach
full capacity, while the ageing Hsedawgyi power plant in Madaya, Mandalay
Region, which has been oper-ating continuously for 28 years, needs major
maintenance work for wear and tear on its machinery.

On the same day the motion for the loan was passed, the parliament also
agreed to the spending of K3.65 bil-lion, the equivalent of $2.8 million,
for the development of violence-wracked western Rakhine State.

The allocation of the spending for socio-economic devel-opment of the state,
proposed by President U Htin Kyaw, would come from the reserve fund under
the 2016 Union Budget Law, the report said.

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Link to Original Article:
http://www.mmbiztoday.com/articles/jica-loan-worth-1078-million-go-maintenan
ce-two-hydropower-plants

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com