Myanmar’s Shadow Govt Calls on Firms to Shun Junta
By The Irrawaddy Wed, September 1, 2021
Myanmar’s shadow civilian government has called out eight companies to abandon “illegal investments” of more than 3.1 billion dollars (5 trillion kyats) under the military regime.
The companies named by the National Unity Government (NUG) are TTCL Power Myanmar Co. Ltd of Japan; Myanmar Heng Ya Investment Development Co Ltd of China, Myanmar-based N Motors Company Limited, Petro and Trans Co Ltd; S Gemological Institute Co Ltd, Singapore-based Clean Power Energy Co. Ltd; Myanmar Golden Eagle Co Ltd of Thailand and Mee Lin Gyaing Electric Power Co Ltd, which is registered in the British Virgin Islands.
The biggest alleged investor is Mee Lin Gyaing with a 1.4-gigawatt, $2.5-billion power project in the Ayeyarwady delta which is reportedly Chinese-backed.
Other investments included two LNG (liquefied natural gas) power plants and one solar power plant, the development of the Kambaiti economic zone, rental and sale of business properties in eastern Kachin State and assembly of motor vehicles.
SOURCE – The Irrawaddy, Myanmar Wed, September 1, 2021