Thailand-Myanmar clinch hydropower deal

Thailand and Myanmar have agreed to jointly build a 6 billion U.S. dollars hydropower plant on Myanmar's Salween River in the southern part of Shan state.

The bilateral agreement on the establishment of a joint venture for the project was signed between the Myanmar Ministry of Electric Power and Thailand's MDX conglomerate in Yangon this week, a news report quoted by the Thai News Agency said.

The 7,110-MW Ta Sang Hydropower Plant, the biggest one in Myanmar, is set to be completed over the next 15 years.

Electricity generated from the plant will be mainly sold to Thailand.

Source: Xinhua