GE Aeroderivative Gas Turbines Tapped For Independent Power Project In Myanmar
GE (NYSE: GE) aeroderivative gas turbine technology has been selected for one of the first projects in Myanmar since the U.S. government recently lifted sanctions on U.S. investment in the country. A fast-track project, the new natural gas-fired power plant facility will enter commercial service no later than the second quarter of 2013 and will produce about 100 megawatts to help meet Myanmar’s rapidly growing power requirements.
The project announced today further expands GE’s role in helping Myanmar develop its infrastructure to support a growing society. GE Healthcare and GE Capital Aviation Services Limited also have announced other initiatives in Myanmar earlier this year.
GE will supply two LM6000-PC Sprint aeroderivative gas turbine-generators and technical advisory services for the plant, located in Alhone Township, Yangon City, Myanmar. Independent power producer TOYO Thai Power Corp. in Singapore (TTPSG) is the owner/operator of the plant and will sell the power to Myanmar’s Ministry of Electric Power.
“Myanmar has abundant energy resources, most notably hydropower and natural gas, which can be tapped for power generation and oil and gas exploration,” said Hironobu Iriya, president & CEO of TTPSG. “Due to the availability of natural gas, we expect that gas-fired combined-cycle projects will play an increasingly important role in increasing Myanmar’s power supply to support the country’s urgent need for more power.”
Myanmar is planning to add 450 megawatts of gas-based capacity as part of an initiative to double the country’s installed electricity capacity by 2015. Currently, more than 20 percent of the country’s installed capacity is natural gas-based power generation. “Gas-fired combined-cycle power plants can be delivered and installed to meet tight project schedules making this technology an excellent fit for addressing Myanmar’s immediate electricity requirements,” said Darryl Wilson, president and CEO—aeroderivative gas turbines for GE Power & Water. “In addition, the reliability and overall performance of these plants have been proven in thousands of applications worldwide.”Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
