icrossculture

Consider Chinese-funded projects in the rational prospective and improve the investment environment

Grace Santhy
Writer

The mainstream media in Myanmar appealed to: Consider Chinese-funded projects in

Recently, an economic expert said: "Some economic experts and most entrepreneurs in Myanmar do not accept Sean Turnell's criticism of the plastic bleaching deep-water port project and the special economic zone project. First, we need Foreign investment. Jiaobo Port can undertake the business of loading and unloading goods in Chittagong, and it is helpful for the development of the economy. If you do not accept Chinese investment, who will invest? If you feel that the investment amount is huge, we can negotiate with China. Directly deportation, who will invest? I feel that his statement does not meet the expert status."

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Dr. Dan Min, Minister of Commerce of Myanmar, said that the plastic bleaching special economic zone will be implemented in the near future. In order to reduce the huge investment of the project, the work will be carried out in stages. Wu Shuowen, Minister of Planning and Finance, said that he would discuss the issue of reducing the size of the special economic zone. Jiaoluo Port will not only become the largest port in Myanmar, but also a 1,000-hectare industrial zone on the dockside where large freighters are docked.

 

Wu Jieang, deputy director of the Planning and Finance Department, was the chairman of the Jiaohuang Special Economic Zone Management Committee. Wu Seong is currently the chairman of the Dilova Special Economic Zone Management Committee and is an experienced expert in the construction of the economic zone.

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At the same time, the Ministry of Electricity and Energy of Myanmar released news that China's Wuxi Huaguang Power Engineering Co., Ltd., the Shan State Diji coal power plant, which began operations in May 2015, has not been opposed again and will begin normal operations. When the coal-fired power plant was commissioned on May 16, 2017, it was opposed by the local residents of Digi and the Boao Youth Organization. The power plant has an installed capacity of 120 megawatts and is currently capable of producing 80 megawatts of electricity. The Chinese company's charity project helped the eight villages around the power plant get electricity. Therefore, the local villagers agreed not to oppose the operation of the power plant.

 

China Wuxi Huaguang Power Engineering Co., Ltd. negotiated with the local people in time to operate in accordance with the principles of natural environmental protection and the World Bank.

 

China National Power Investment Corporation and the Ministry of Electricity and Energy of Myanmar signed a 99 MW power purchase contract for the supply of electricity to Myitkyina and its city on July 12, 2018.

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The power station began construction in 2008 and was completed in 2011. The electricity produced by the power station is not only supplied to the surrounding areas of Myitkyina and Qipei, but also connected to the national grid through the Mengmo substation.

 

The Xiaoqipei Power Station can produce 600 million kWh of electricity a year, which can help the people's livelihood and economic development in Kachin State and protect the natural environment. Wu Wenxi, Minister of Electricity and Energy, said that one percent of the company’s profits will be used for public welfare projects.

 

Not long ago, the power purchase contract for the Nanbohe Hydropower Station in Mujie City, Shan State was signed. The project is 6 miles from Muse City and produces 83 million kWh per year. It is expected to produce electricity in December 2020.

 

At the same time, the governor of the Kachin State Government and the Tengchong City of Yunnan Province reached an agreement on the construction of the Mizhina Industrial Zone. Construction land for industrial zones is currently being planned. Tengmi Road Construction Management Co., Ltd. and Myanmar Northern Royal Company, built in the construction-operating-transfer (BOT) mode of Kachin State, Nandi-De Nai-Xin Peiyang-Banshao Road section, Nandi to Lewa 20 The mile section has been completed. But because the war is currently stopped building.

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The Lido Highway is the main road connecting China and India. This road runs through the Hukang Valley from east to west through Kachin State. On December 16, 1942, General Stilwell began construction of the road from Lido, India, and was completed in January 1945. There is a highway museum and monument in Sakamachi, China.

 

Yang Huan, Governor of the Yangon Provincial Government, said: “China Communications Construction Corporation (CCCC) and New Yangon Development Corporation (NYDC) have signed the Yangon New City Project Evaluation Cooperation Framework Agreement. This project can reflect China and Myanmar. Friendship, but also hope to get the support of the people." CCCC is the third largest international construction group company in the world. It invests in construction projects in 148 countries around the world and is an internationally experienced company.

 

On the other hand, coal cement plants and power stations are facing opposition from local residents and some natural environmental organizations. The Karen Khlong Cement Plant, the Mangol Province Boshengji Town and the Twilight Town Cement Plant, and the Klein Bunga Power Station project all face opposition.

 

Hydropower projects, dam construction projects, the Myitsone Hydropower Project and the Salween River Hydropower Project are facing opposition from the Karen River Monitoring Network, the Karen Human Rights Organization, and some local residents.

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In any case, how to get electricity now plays an important role in the development of the country. To correctly distinguish between needs and choices, sometimes you have to look at a tree and overlook the entire forest. We should not forget that development requires thinking with wisdom.