British Embassy Yangon – Solar Power Projects Opportunities
DO YOU HAVE A SUCCESS STORY?
We’d like to hear from you.
Wed, 12 Feb. 2020
The Ministry of Electricity and Energy (MOEE) is due to announce a tender of solar power projects (a total of approximately 300 megawatt (MW) during March or April and the power plants will be located in central Myanmar. It is “Swiss challenge” tender and open to all international bidders.
MOEE will review proposals based on the following key points:
- Lowest power purchase agreement (PPA)
- Technically strong in solar power
- Strong management in land leases
The MOEE is welcoming all foreign investors to visit their local office anytime for further discussions.
In the past three months from October to December of the current financial year 2019-2020, the electricity sector topped the list of foreign investments with over 538 million US dollars according to the Myanmar Investment Commission (MIC).
The quantum of investment in power is higher than in any other sector and MIC is expecting greater investment in the power sector within the current fiscal year. The World Bank predicted that peak demand is expected to reach 8.6 gigawatts (GW) by 2025 and 12.6 GW by 2030, which is a significant increase from current level 3.4 GW.
One example is the 170 MW Minbu Solar Power Plant which is one of the biggest solar power plants in the ASEAN region. Phase one of 40 MW is now generating electricity and the next three phases are in progress.
Htet Myet Aung
Trade and Investment Manager
Department for International Trade Myanmar