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Myanmar approves Japanese plans for LNG power plant

Design and price negotiations seen taking up to two years, sources say

An LNG processing facility. The Myanmar power plant would have an output of 1.25 megawatts.   © Reuters

YANGON -- Myanmar's government on Friday gave written approval to plans by three Japanese trading companies to build a liquefied natural gas power plant.

Representatives from Marubeni, Sumitomo Corp. and Mitsui & Co. attended the signing ceremony in the capital Naypyitaw. Nikkei reported earlier that the proposed 1,250 megawatt plant is equivalent to about a fifth of the Southeast Asian country's existing power generation capacity.

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