Shweli (2) Hydropower Project and Bilin Hydropower Project were awarded to Asia World Company Limited for the construction. Ministry of Electric Power -1 signed MOA with Huaneng Lancang River Hydropower Co., Ltd from China and Asia World Company Ltd on Shweli (2) Hydropower Project through JV / BOT system and signed MOU with Asia World Company Ltd on Bilin Hydro Power Project through BOT system on 24 November.
The construction of Shweli (2) Hydropower Project was undertaken by Asia World Company Ltd and Huaneng Lancan River Hydropower Company Ltd through a MOU since 12 November 2009, it was learnt. In addition to the construction of hydropower projects, the Asia World Company Ltd has received the rights to manage and operate Yangon-Pathein Road, Pathein-Ngwesaung Road, and Yangon-Mandalay Road through BOT system. Continue reading “Shweli (2) Hydropower Project and Bilin Hydropower Project were awarded to Asia World Company Limited for the construction” |