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Chinese officials call on Myanmar to restart suspended $3.6 billion power dam project

Author: Associated Press, Published on: 10 March 2012

Chinese officials have urged Myanmar’s government to restart a Chinese-backed multibillion-dollar power dam project that was suspended apparently without notice last year...The project had drawn protests from ethnic and environmental groups, and the suspension marked a significant about-face in Myanmar’s domestic politics. The officials, speaking on the sidelines of China’s annual legislative session, said the dam would produce badly needed electricity for Myanmar and raise living standards, the official China Daily reported Sunday. It quoted a former head of the National Energy Administration, Zhang Guobao, as saying the dam is a good project that will bring local residents a better life. It also quoted Lu Qizhou, president of China Power Investment Co., which is providing the financing for the project, as saying the company will do all it can to avoid negative environmental impacts from its projects...

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Related companies: China Power Investment