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10 April 2007 - Myanmar has signed a memorandum of understanding with two Chinese firms to build a hydropower plant on the Thanlwin river in the northeast of the country.

The agreement to build the Upper Thanlwin hydropower project was signed Thursday between Myanmar's junta and China's Farsighted Investment Group Co. Ltd. and Gold Water Resources Co. Ltd., the New Light of Myanmar reported.

The 2400 MW plant in northern Shan State, about 430 miles north of the country's largest commercial center Yangon, is one of several dam projects planned on the Thanlwin river. No timeline for project completion has yet been announced.

Myanmar has signed several contracts with neighboring China and Thailand to build hydropower plants in the energy-starved country.

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