Myanmar will invest $2.5 billion in a liquified natural gas (LNG) power plant, according to Myanmar’s investment commission (MIC), pinsentmasons reported.

The electricity generated by the LNG power plant will be sold domestically and it is expected to help to achieve the goal of 100% nationwide electricity from the national grid by 2030.

Another 14 projects related to electricity generation, manufacturing and other sectors have been approved by the MIC and will receive $300 million in investment, a statement said. It is expected to create 2,473 job opportunities.