PTT Group to Develop Electricity System for New Yangon City Project
PTT Group has secured a contract with New Yangon Development Co Ltd to establish an electricity production system for New Yangon City, which spans 20,000 acres. This initiative aims to meet rising electricity demands and create two million jobs in the region.
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PTT Group will develop an electricity production system for New Yangon City, collaborating with New Yangon Development Co Ltd. The project will source natural gas from GAIL (India) and aims for a total production capacity of 5,500 megawatts within five years.
Additionally, PTT Group is considering a Gas to Power initiative with a capacity of 600 megawatts using local gas fields. This development is significant as it addresses energy needs and supports substantial job creation in Myanmar, indicating a strategic investment in the region's infrastructure.
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