Myanmar inks deal with China for power equipment
Afp, Yangon
Myanmar has signed a 45.8-million-dollar deal to buy equipment from China for the construction of a giant hydro power project, a state-run newspaper reported Saturday. The Yeywa project, the country's largest, is being built on the Myitnge River, southeast of the northern city of Mandalay. The chairman of China National Heavy Machinery Corporation (CHMC), Lu Wenjun, and the director general of Myanmar's hydro-electric power department, Win Kyaw, inked the agreement on Friday, the New Light of Myanmar said. China's CITIC Technology Co. Ltd. and Myanmar's Sinohydro Corporation Ltd. had signed contracts worth some 125 million dollars relating to the Yeywa hydro power project in July.
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