HomeMMBIZ NewsThai Firm Signs $350-m Solar Plant Deal in Myanmar

Thai Firm Signs $350-m Solar Plant Deal in Myanmar

Thailand’s Green Earth Power (GEP) has signed an agreement with the Ministry of Electric Power to develop a 220-megawatt solar power plant in Minbu in Magway region, the firm said.

Aung Thiha, executive director of GEP, said the firm has completed all the preliminary work and site acquisition, and is finalising discussions with its engineering, procurement and construction contractor and project lenders to implement the project soon.

The project is due to begin construction in the first quarter of 2015, with the first phase of 50MW to come online in 2016.

The solar power plant is to be built in four phases over 30 months with a total investment of $350 million, GEP said.

The solar power plant will be connected to the new 230-kilovolt transmission line that is being constructed by the ministry, which will be the off-taker under a 30-year power purchase agreement.

The Minbu project was trumpeted as one of the largest solar photovoltaic power plants in Myanmar and is expected to create an estimated 700 jobs during its construction, the firm said.

Formed in 2010, GEP develops and operates solar power projects throughout the ASEAN region and Japan.

- Advertisment -spot_img

Must Read

Ooredoo adopts new brand positioning

Recently, Ooredoo Myanmar changed their brand logo on Facebook baffling the users amid rumours that Ooredoo Group was planning to sell its Myanmar branch. But...