Friday, August 16, 2013

ISDN

ISDN: received official endorsement from Myanmar’s Ministry of Electricity naming ISDN as the new partner in the Kalewa coal-fired power plant. ISDN replaces the formerly appointed partner, China Guodian Corp. ISDN will jointly develop the project together with Myanmar-based Tun Thwin Mining (TTMCL), one of Myanmar’s leading coal exploration companies, via a 85/15 JV. The clean-tech power plant will have ample access to water from the largest tributary of the Irrawaddy River and is expected to be developed in two phases. Both phases will be equipped with an installed base capacity of 270 MW, taking full generating capacity to 540 MW. This comes on the back of a May ’13 agreement with TTMCL, to form a JV co that will acquire TTMCL’s concession rights to a 4,500 acre coal mine and to subsequently develop the coal mine for production. Feasibility studies show the coal mine has a high coal-grade exceeding 6,000 calorific value.

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