PTT to invest $3bn in Burma

18 July 2012

Thai energy giant PTT Exploration & Production PCL plans to invest around US $3 billion in Burma, including projects such as coalmines, a 150,000-barrels-a-day crude oil refinery and power plant, reported the London-based The Financial Times on Tuesday. Nattachat Charuchinda, chief operating officer at the company’s petroleum business, told the newspaper that PTT was looking to invest in Burma’s natural resources. The company is interested in a power plant at Burma’s controversial Dawei megaproject and is studying what fuel to use after a huge coal-fired plant was turned down by Naypyidaw, reported The Bangkok Post last week.