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NRA Capital Pte Ltd

Written by: NRA Team

Thursday 15 Aug 2013

ISDN Holdings - Press Release

Proposed joint venture in Kalewa coalfired power plant gets nod from Myanmar Government

ISDN Holdings, an integrated engineering solutions provider for diverse industries, foray into Myanmar’s fast-developing energy sector received another boost with an official endorsement from Myanmar’s Ministry of Electricity naming ISDN as the new partner in the Kalewa coal-fired power plant.

ISDN Holdings, an integrated engineering solutions provider for diverse industries, foray into Myanmar’s fast-developing energy sector received another boost with an official endorsement from Myanmar’s Ministry of Electricity naming ISDN as the new partner in the Kalewa coal-fired power plant.
 
Tun Thwin Mining Co., Ltd (“TTMCL”) is engaged in the business of coal mining, processing and supply to explore joint partnerships in energy opportunities in the Republic of the Union of Myanmar. It is one of Myanmar’s foremost coal exploration companies, with experience in coal mining and processing for almost 12 years. ISDN, had on 20 May 2013, inked a joint venture agreement withTTMCL to form a joint venture company to acquire the concession rights held by TTMCL to a coal mine and to subsequently develop the coal mine for coal production. The concessionary rights held by TTMCL are for the exclusive rights to operate, develop and the production of coal at a mine covering an area of 4,500 acre.
 
Both ISDN – through its wholly-owned subsidiary, ISDN Myanmar Power Pte Ltd - and TTMCL subsequently entered into another joint venture agreement to engage in the business of the investment, development, construction, operation and management of a coal-fired power plant. This joint venture company will when eventually incorporated, be owned 15% and 85% by TTMCL and ISDN respectively.

http://infopub.sgx.com/FileOpen/ISDN-PR_15.08.13.ashx?App=Announcement&FileID=252680

Additional Company Specfic ReportsDate
ISDN – press release
free
23 October 2013
ISDN – Query regarding trading activity
free
4 October 2013
ISDN Holdings - Press Release
free
15 August 2013
Additional Sector ReportsDate
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