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Prayut set on repairing cancelled Dawei contract 19 published : 20 Jan 2021 at 07:00 19 Italian Thai Development received a notice of termination for seven concession agreements from the Dawei Special Economic Zone Management Committee. Thailand remains committed to the Dawei development project, despite a recent setback on SET-listed Italian Thai Development's (ITD) concession termination, says Prime Minister Prayut Chan-o-cha. On Friday, ITD submitted a request for the government's help to the prime minister after the Dawei Special Econo...

Myanmar Signs Power Purchase Deal with Thai Company An artist's impression of the power plant project. / Ministry of Electricity and Energy 4.9k By Nan Lwin 20 January 2021 YANGON — A state-owned enterprise in Myanmar has signed a power-purchase agreement with a Thai-based engineering and construction company which plans to develop a US$685 million (911 billion kyats) power plant in Yangon. On Wednesday, the agreement was signed by Electric Power Generation Enterprise, which is controlled by the Ministry of Electricity and Energy, and TTCL Power Myanmar Company Limited, a subsidiary of Th...

Myanmar on Monday announced it was cancelling contracts with a Thai industrial giant to work on a controversial deep sea port project.

Myanmar has dismissed the developer for what would be Southeast Asia’s largest economic zone, throwing Dawei SEZ into question yet again. Though the grandiose plan is backed by Thailand, Japan and China, its continued financial struggles reveal a project plagued by instability and mismanagement. Editorial Myanmar’s Dawei Special Economic Zone (SEZ) has hit yet another snag as the Myanmar government has terminated its agreement with a Thai construction company to build the US$8 billion, 200-square-kilometer project. Italian-Thai Development (ITD) announced on December 30 that the Myanmar g...