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In Meeting with NLD, Myitsone Investor Says It Hopes to Restart Project [Myanmar]

Author: Kyaw Phyo Tha, Irrawaddy (Myanmar), Published on: 21 May 2013

The main investor in the controversial Myitsone hydropower dam in Kachin State has expressed a desire to restart the suspended project, according to members of a National League for Democracy (NLD) delegation that traveled to China…NLD Central Executive Committee member Nyi Pu said that the China Power Investment Corporation (CPI), a Chinese state-owned company that had committed most of US $3.6 billion needed to build the dam, raised the issue at a dinner meeting in Beijing…In September 2011…Burmese President Thein Sein suspended the project until at least 2016, when his term in office expires…[citing] environmental concerns and widespread public criticism.

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Related companies: China Power Investment