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Friday, April 19, 2024

Thai giants to ink Myanmar pact

Thai giants to ink Myanmar pact

Massive industrial estate in the works

DTE 1 and 2, the largest solar power project in Southeast Asia, located in Tay Ninh, Vietnam.

Four massive Thai conglomerates — B.Grimm Group, Amata Corporation, PTT and Global Power Synergy — have entered into an agreement to develop an 800-square-kilometre industrial estate in Myanmar.

A memorandum of understanding is expected to be signed by the beginning of next year, said B.Grimm chairman Harald Link.

Mr Link said B.Grimm’s role in the partnership is to operate a power plant in the industrial estate, which will feed power primarily to the estate, but also sell excess energy to the Myanmar government.

He declined to offer additional details regarding the project.

Mr Link said…

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