Corporate digest

Sembcorp Industries

ITS wholly owned subsidiary, Sembcorp Utilities, has signed a memorandum of agreement with Myanmar's Department of Electric Power Planning to invest in and develop a US$300 million gas-fired power plant in central Myanmar.

Located in the Myingyan district of the Mandalay division, the 225-megawatt facility will be the largest gas-fired independent power plant in Myanmar when completed in 2018, Sembcorp Industries said. Sembcorp will have an 80 per cent stake in this project, while its partner MMID Utilities will hold the remaining 20 per cent.