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Economy

Myanmar to double electricity capacity with LNG-fueled plants

Three facilities, expected to cost $5bn, will be first to use imported gas

YANGON -- Myanmar's government has lined up three thermal power plant projects, aiming to meet electricity demand that is increasing at a pace of 15% a year. The facilities will be the country's first to use imported liquefied natural gas, and each will be equipped with a floating terminal to receive shipments. 

The government has reached a basic agreement with international partners including French energy company Total and Chinese electrical equipment supplier Zhefu Holding Group. The three power stations will add 3,000 megawatts to the country's generation capacity -- nearly equivalent to the current figure. 

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