Since the United States and European Union have lifted sanctions against Myanmar, many power projects have been proposed in the country by foreign investors. Neighbouring Asian countries are also investing massively in this country, which is striving to add thermal and renewable capacities to its hydro-based power mix. Thailand aims to build 10,000 MW of power capacity in Myanmar, including 7,000 MW from the Mai Tong hydropower project. The Mai Tong project should cost US$12bn and should take 12 years to build. Authorisation process is under way; if approved, Thai national power utility, EGAT, will speed up negotiations with SinoHydro and China Three Gorges Corporation, in order to take a 30% stake in the project. EGAT also plans a large coal-fired power plant in Dawei, which should have a capacity of 1,800 MW (potentially 3,000 MW).
Moreover, Indian companies are developing coal-fired power projects in the country. Tata Power has started feasibility studies for a coal-fired power plant in Ngayok Kaung, which would be commissioned in 2019-2020, while Orange Powergen has joined forces with Global Adviser (Singapore), Diamond Palace Services (Myanmar) and the Myanmar's Ministry of Electric Power to build a 500 MW coal-fired power plant in Kyauktan (Yangon).
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