Hutgyi hydro project back on track

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7 May 2010 (Volume 26, No. 521) | Thomas Kean | Myanmar Times

Source: http://www.mmtimes.com/2010/business/521/b02.html

A HYDROPOWER project in eastern Myanmar appears to be back on track after a new Memorandum of Agreement – four and a half years after the original – was signed on April 24 in Nay Pyi Taw.

The MoA for the Hutgyi project was signed by the Department of Hydropower Planning, under the Ministry of Electric Power (1), China’s SinoHydro Corporation, the Electricity Generating Authority of Thailand (EGAT) International and local firm International Group of Entrepreneur at the ministry building, state media reported last week.

The 1360-megawatt (MW) Hutgyi dam will be built in Kayin State along the Than Lwin River; the cost is tipped at more than US$1 billion.

In December 2005, EGAT signed an agreement with the department to develop the project. Chinese company SinoHydro later joined the consortium in June 2006.

The dam will comprise eight 170MW turbines, according to SinoHydro, who is providing most of the financing for the project.

A feasibility study and detailed design report were completed in August and September 2007 respectively but construction work is still yet to get underway. Last week’s report did not give an expected completion date for the project. The dam was originally expected to begin generating electricity in 2015 or 2016.