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The cabinet approved the Electricity System Development Project in Yangon
By: รัฐฐา ธนันท์พรพงษ์
  • 15 Jul. 2563
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     On 14th July 2020, the cabinet agreed to approve financial support to Republic of the Union of Myanmar (Myanmar) for the Electricity System Development Project in Yangon (North Okkalapa and North Dagon) in a form of Soft Loan with the amount of 1,458.248 Million Baht. The source of money is from the national budget and financial institutions’ loan within the country.

     In this case, such a project is in accordance with the national strategy to build a good relationship with neighboring countries and support Thai entrepreneurs’ business and services. Participating the loan conditions mandate the use of material supply and equipment from Thailand no less than 50% of the loan amount. In addition, contractors and construction supervision companies must be of Thai nationality.