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 …