The Irrawaddy Business Roundup
Permanent cancellation of the huge Myitsone hydroelectric dam on the Irrawaddy River in Kachin State could be very expensive for Burma, an analyst has warned.
The Naypyidaw government will face “legal, financial and diplomatic consequences,” said Yun Sun of the East Asia program at the Washington-based Stimson Center, a non-profit think-tank.
Construction of the US$3.6 billion project by the Chinese state-owned China Power Investment company began in 2007 but was suspended in September 2011 by President Thein Sein responding to public opposition.
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