Myanmar, India scrap two hydroelectric projects
NEW DELHI, India
Indian developers have canceled development of two large hydropower
projects planned for construction in Myanmar, sources report.
Affected by the decision are the 1,200-MW Tamanthi (also spelled
"Htamanthi") and 642-MW Shwezaye hydroelectric plants - both of which
would have been built on Myanmar's Chindwin River.
HydroWorld.com reported that India's National Hydroelectric Power
Corporation (NHPC) and Myanmar officials had signed agreements to
develop the projects in September 2008.
State-owned utility New Light of Myanmar then signed a memorandum of
understanding for the development of Tamanthi with Italian-Thai
Development Public Co. Ltd. of Thailand and Windfall Energy Services
Ltd. of Singapore in October 2008, before NHPC announced it was
preparing detailed project reports for both projects in August 2011.
Sources said the results of NHPC's report revealed the cost of
constructing the projects would likely have been prohibitive.
The combined price of the projects - coupled with mounting political
pressure from indigenous and environmental groups - was cited as the
primary reasons for their cancelation.
You received this message as a subscriber on the list: firstname.lastname@example.org
To be removed from the list, please visit: