China Power Investment Says Myanmar Dam Suspension ‘Bewildering’
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China Power Investment Corp., an investor in Myanmar’s $3.6 billion Myitsone hydropower station, said the country’s sudden decision to halt the project is “bewildering,” according to the official Xinhua News Agency.
All legal documents and regulatory procedures have been cleared, Xinhua reported yesterday, citing Lu Qizhou, president of China Power Investment. A halt to construction will lead to “a series of legal issues,” Lu was cited as saying.