The Shweli dam is China's first build-operate-transfer hydropower project with Myanmar's military government, which crushed the biggest pro-democracy protests in nearly 20 years.Under the agreement with Myanmar's Electric Power Ministry, China's Yunnan Joint Power Development Co are to operate the power station for 40 years.
Chinese companies would also receive 80 percent of the revenue generated.
Shweli 1, being built in the ethnic Palaung village of Man Tat near the Chinese border, is the first of a string of hydro projects under construction largely for the export of power to China.
The report cited documents from the Electric Power Ministry showing that electricity from the project would also be transmitted to military factories and mining operations within Myanmar.
China, one of Myanmar's few allies and major trading partners, has been under pressure to use its influence to convince the junta to negotiate with pro-democracy activists.
Beijing has called for restraint, but opposes U.N. sanctions against Myanmar and is loath to compromise its interests there, which aside from power generation include timber and natural gas.
Suspension bridge over the Shweli River built by 209th Engineers.
China, one of Myanmar's few allies and major trading partners, has been under pressure to use its influence to convince the junta to negotiate with pro-democracy activists.
Beijing has called for restraint, but opposes U.N. sanctions against Myanmar and is loath to compromise its interests there, which aside from power generation include timber and natural gas.
Suspension bridge over the Shweli River built by 209th Engineers.Special Force Burma. 
Tracking the Dow on Friday,06/08/10.(10 market days to Index/options Expiry)
3 market days to start of Moslem Ramadhan,fasting month.
9:30am:--A bearish 50.0 points gap down. Nonfarm payrolls for July fell 131,000, which is far worse than the decline of 87,000 that had been expected.
9:30am:--A bearish 50.0 points gap down. Nonfarm payrolls for July fell 131,000, which is far worse than the decline of 87,000 that had been expected.10:30am:--A technical rebound to fill the opening gap but managed half candle's body only,with bearish hammer.
11:30am:--The morning session bottom was established.The unemployment rate remained at 9.5% .
12:30noon:--Hoovering near morning session lower,double bottom with indecision doji spin.
1:30pm:--Bearish inverted hammer.Stocks remain under stiff pressure.
2:30pm:--A technical rebound is now at the bear resistance pivot.Usually at this time there'll be some Federal news.Retail investors remain cautious about getting back into the stock market.
3:30pm:--The MAV resistance line being pierced through.Bullish harami.
4:00pm:--A bullish engulfing closing.Trade on Friday was mostly dictated by the government's official monthly jobs report.
It's the usual gimmicks of wiping off the weeks gain taking advantange of the negative economic news mostly occuring during the first week of the month.
Despite Friday's negative closing,the Dow is holding on at the bullish zone,quite near to penetrating the bull pivot resistance line.
There'll be another attempt to find a new index high for the month.
Friday's candle's long lower shadow is also a bit of a concern.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/quotes_special.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
