PTTEP denies Ayeyarwady mega project Thailand-based PTTEP has denied being involved in a multi-billion dollar deep seaport and other heavy infrastructure projects in the Ayeyarwady region. Which operates an oil and gas exploration and production in Myanmar, has neither established nor is a shareholder of Amera Asia Co involved in the Ayeyarwady project. It was reported earlier that the project had been initiated by a company of a similar initial PTTE, which could be confused with the Thai company. The project claimed a US$5.5-billion investment.PTTE will establish Amera Asia Company in Ayeyarwady region to implement the project. The project is included Ngwe Saung-Chaung Thar deep seaport, three industrial zones in Pathein-Wakaema, four 700-Mega Watts electric generators and Pathein-Yangon expressway and railroad. (K.Z.Mon)
Posted on: Tue, 20 Aug 2013 04:16:12 +0000
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