It is known that U Than Swe, the Foreign Minister of the Military Council, visited SPIC Yunnan International Power Investment Co.,Ltd (SPICYN) in Kunming, China, and discussed the resumption of the Myitsone project.
When the war was raging on both sides in Myanmar, it was found that big companies from China had hit Myanmar economically. Last week, it was learned that the Chinese COOEC company won the tender for the construction of the fourth stage of the Shwe natural gas project worth 523 million US dollars.
It is also known that the Chinese (SPICYN) company called the Minister of Foreign Affairs of the Military Council to China and explained about the project in order to restart the Myitsone project. It is known that the Irrawaddy Myitsone project will be built as hydropower, and the leading team has been working since April.
China is not interested in Burma both politically and politically. Economically, it is found that it has been hit harder. SPICYN Company is a Chinese state-owned Power Investment Corporation (CPI) that has been allowed to work since the time of the former dictator U Than Shwe, and is now trying to restart the Myitsone project.
In Arakan, where there are large businesses that are very important for the military council, the military council and the Arakan Army (AA) are fighting fiercely, but the promotion of gold and natural projects between China and the military council Despite the fierce fighting between the military council and the Kachin Independence Army (KIA) in Kachin, China is resuming business with a long-term plan to build 7 dams in the Myitsone area, 23 miles north of Myitkyina, and generate more than 20,000 megawatts of electricity.
It is also known that the project to build a dam for hydropower on the Irrawaddy River is worth 3.6 billion US dollars.
