The Myanmar Minister of Electric Power has granted approval to local company Asia World and China’s Hanergy Group Holding Ltd. to develop a 1,400 MW hydropower plant along the Thanlwin River.
The Upper Thanlwin (also seen as “Kunlong”) hydroelectric project would be a joint venture allowing the companies to operate the plant for up to 40 years under a build-operate-transfer plan, with all but about 10% of its output being sold to China.
The Hanergy Group reportedly signed a memorandum of agreement for the Upper Thanlwin project’s development with the Myanmar government in 2010.
HydroWorld.com reported in October 2011 that Asia World and other partners had met with officials from China and Myanmar to discuss the suspension of construction of the 6,000-MW Myitsone hydropower project.
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