Post by account_disabled on Feb 28, 2024 1:54:24 GMT -5
PTTEP has been granted the right to develop a natural gas-fired electricity project in Myanmar. PTT Exploration and Production Public Company Limited or PTTEP has received approval from the Myanmar government to move forward with the development of a project to produce electricity from natural gas in Myanmar (Integrated Domestic Gas to Power). ) in order to strengthen energy security for Myanmar, as well as being an opportunity to expand investment in new businesses according to the company's plan. Mr. Phongsathorn Thavisin, Chief Executive Officer of PTTEP, revealed that the company has signed a letter granting permission to begin operations (Notice to Proceed) of a natural gas electricity generation project in Myanmar with Mr. Tan Zaw, Permanent Secretary of the Ministry of Electricity. and energy Myanmar To bring natural gas from the natural gas production project in the Gulf of Martaban, which PTTEP is the operator of.
To be used to produce electricity at a reasonable Portugal Phone Number price for Myanmar. Initially, the gas will be brought From the Zawtika project and the Myanmar M3 project were used to produce electricity in the said project. “Receiving the right to operate a project to produce electricity from natural gas in Myanmar. It is considered an important step for the company to invest in the integrated natural gas business in Myanmar. According to the strategic plan "Execute & Expand" which will create stable growth for PTTEP in the long term, this project will also help strengthen energy security for Myanmar according to the sustainable development plan and master plan. In terms of energy, the Myanmar government wants every household to have access to electricity by 2030,” Mr. Phongsathorn said. Project to produce electricity from natural gas in Myanmar It is a complete energy investment. From upstream to electricity production The investment value is approximately 2,000 million US dollars.
for the development of natural gas resources Construction of a combined cycle power plant Production capacity of 600 megawatts in Cailath District, Ayeyarwady Region Construction of gas transportation pipeline systems Both at sea and on land From Kanbok - Dornian - Cailath A total distance of approximately 370 kilometers and the installation of a high-voltage transmission line system from Kailat District to Lanthaya District in Yangon Region, PTTEP expects to be able to make a final investment decision during the period. Early 2022 For the production capacity of the said power plant It is approximately 10 percent of the total electricity generating capacity in Myanmar at present. by the electricity produced It will be sold to the electricity authority of Myanmar (Electric Power Generation Enterprise) with a contract period of 20 years and the contract can be extended for 5 years from the commercial operation date.
To be used to produce electricity at a reasonable Portugal Phone Number price for Myanmar. Initially, the gas will be brought From the Zawtika project and the Myanmar M3 project were used to produce electricity in the said project. “Receiving the right to operate a project to produce electricity from natural gas in Myanmar. It is considered an important step for the company to invest in the integrated natural gas business in Myanmar. According to the strategic plan "Execute & Expand" which will create stable growth for PTTEP in the long term, this project will also help strengthen energy security for Myanmar according to the sustainable development plan and master plan. In terms of energy, the Myanmar government wants every household to have access to electricity by 2030,” Mr. Phongsathorn said. Project to produce electricity from natural gas in Myanmar It is a complete energy investment. From upstream to electricity production The investment value is approximately 2,000 million US dollars.
for the development of natural gas resources Construction of a combined cycle power plant Production capacity of 600 megawatts in Cailath District, Ayeyarwady Region Construction of gas transportation pipeline systems Both at sea and on land From Kanbok - Dornian - Cailath A total distance of approximately 370 kilometers and the installation of a high-voltage transmission line system from Kailat District to Lanthaya District in Yangon Region, PTTEP expects to be able to make a final investment decision during the period. Early 2022 For the production capacity of the said power plant It is approximately 10 percent of the total electricity generating capacity in Myanmar at present. by the electricity produced It will be sold to the electricity authority of Myanmar (Electric Power Generation Enterprise) with a contract period of 20 years and the contract can be extended for 5 years from the commercial operation date.