2 September 2010 – Myanmar has agreed to build two hydropower plants aimed at exporting around 575 MW of electricity to energy-starved Bangladesh, top officials said.
A high-powered Bangladesh delegation received Myanmar’s consent over cross-border electricity trade during its recent visit to the country, said a senior power ministry official.
He said a Myanmar delegation would visit Dhaka shortly to sign a memorandum of understanding (MoU) on the electricity trade between the two neighbouring countries.
Before signing the final deal, Myanmar has sought power purchase guarantee from Bangladesh, said the official, also a member of the delegation that visited Myanmar last week. The delegation included top officials from the power ministry and Power Development Board (PDB).
The power plants having the electricity generation capacity of 500 MW and 75 MW respectively have been planned to be installed at Michuang and Lemro areas under Rakhine state in Myanmar, which are close to Bangladesh’s Cox’s Bazar.
Shwe Taung Development Company, a Myanmar company, has already tied up with a Chinese firm to build these power plants targeting to export the output to Bangladesh. It has already got lease of land in the Rakhine state to set up the power plants.