UOB, Royal GK in financing deal for Yangon power plant
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Singapore
UNITED Overseas Bank (UOB) has announced a financing agreement with Singapore-based Royal GK to provide electricity to Myanmar.
Royal GK, an engineering procurement and construction company, was commissioned by the Myanmar Central Power Co (MCPC) to procure gas engines for the construction of a gas-fired electricity power plant in Hlawga, Yangon. MCPC has an agreement with the Ministry of Electric Power to own and operate the power plant.
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