JV of U Energy Thaketa Power Co Ltd, Ministry of Electricity and Energy - Myanmar and Union Resources & Engineering Co Ltd planned to develop 106 MW Thaketa Gas Fired Combined Cycle Power Plant Project located in Thaketa, Yangon of Myanmar. SEPCO III Electric Power Construction Corporation was the EPC contractor of the project. Taiping General Insurance Co Ltd was the insurance advisor of the project. The project covered the construction of 106 MW gas fired combined cycle power plant. This project is not only a practice to promote the acceleration of Myanmar’s economic development, but also an example of the friendship between Myanmar and China.