The Asian Development Bank (ADB) has signed a loan equivalent of up with US$235 million to B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).
Energy Finance & Investment News in Myanmar (Burma)
It has been reported in local newspapers that the Myingyan combined-cycle gas turbine power plant has begun generating 143 MW feeding into Myanmar's National Grid. Sembcorp Industries, through the Sembcorp Minygyan Power Company Limited, signed a 22-year build-operate-transfer (BOT) agreement for the project with the Ministry of Electricity and Energy of Myanmar in January 2017.
Sembcorp Industries has announced the signing of a build-operate-transfer (BOT) agreement with the Ministry of Electricity and Energy of Myanmar, for its upcoming 225 MW Sembcorp Myingyan gas-fired power plant in Mandalay.
The Myanmar government and its President Htin Kyaw have formed a commission to examine 6,000 MW Myitsone hydropower project proposed for Kachin, Mynamar.
Myanmar’s Electric Power Generation Enterprise has awarded to South-Korean Posco Daewoo the contract for developing a natural gas-fired power plant in Myanmar.
Sembcorp Industries has recently announced that it has signed a long-term power purchase agreement (PPA) with Myanmar Electric Power Enterprise (MEPE) for the supply of 225 MW of power for a period of 22 years.
Sembcorp Industries has announced that its wholly-owned subsidiary, Sembcorp Utilities, has recently signed a memorandum of agreement with Myanmar’s Department of Electric Power Planning (DEPP), under the Ministry of Electric Power of Myanmar (MOEP), to invest in and develop a 225-megawatt gas-fired power plant in central Myanmar.
Toyo-Thai Corporation Public Company Limited (TTCL) has signed a memorandum of understanding with the Department of Hydropower Planning, Ministry of Electric Power of Myanmar for a critical power project in the country.
Sembcorp Industries has announced that its wholly-owned subsidiary, Sembcorp Utilities, has received the Notice of Award to develop and operate a 225-megawatt gas-fired power plant in central Myanmar by Myanmar Electric Power Enterprise (MEPE), a division under the Ministry of Electric Power of Myanmar (MOEP).
Mitsui & Co., Ltd. has acquired a 44% stake in Myanmar Power Pte Ltd. Mitsui, MAXpower Asia Group Pte Ltd (MAGPL) and MPPL have signed a share subscription agreement on mutually agreed upon terms between Mitsui and MAXpower Group Pte. Ltd. (MGPL), the parent company of MPPL and MAGPL.
The United States has reached an agreement with the Burmese government to develop two solar energy plants in central Myanmar.