Busan Korea Biotechnology, Hyundai Engineering and Construction, Hana Daetoo Securities, Hexa International and Korea Western Power were the South Korean companies that worked on this project.

The latest power project aims at supplying electricity to Myanmar’s Thilawa industrial zone, one of the special economic zones in Myanmar, according to NZweek.

In September, Mitsuibishi, Marubeni and Sumitomo have reached agreement with the Myanmar government to set up the Thilawa special economic zone (SEZ) in Yangon’s Thilawa Port.

Under the agreement, these Japanese firms will obtain 49% share to run the 2,400-hectare SEZ, while Myanmar entrepreneurs will take 51%.