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Myanmar agrees to move forward hydropower plant proposal |
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07:47, October 09, 2008 |
Visiting Myanmar high official Wednesday agreed to move forward a Bangladesh proposal to set up a hydro power plant project in Myanmar from which Bangladesh will get electricity.
This came during the meeting here between Myanmar Energy Minister Brig General Lun Thi and his counterpart, the Bangladesh caretaker government Chief Adviser's Special Assistant for Power and Energy Ministry M Tamim.
As per the proposal, Bangladesh will build up the plant in Myanmar at its own cost and get 70 percent of the electricity from the project while Myanmar will get 30 percent as royalty.
Tamim after the meeting told reporters that the neighboring country's minister assured him of taking necessary steps to move forward the scheme.
The hydropower-project proposal was initiated by Bangladesh about two years ago. Both sides also signed a memorandum of understanding (MoU) to implement the project.
As a follow-up step, Bangladesh offered to conduct a joint visit to select a project site in the Rakhine state of Myanmar about six months ago.
Tamim said the Myanmar side Wednesday agreed to conduct the joint visit by experts to select project site. "We've urged the Myanmar minister to expedite the move," he said.
Source: Xinhua
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