Thai firm signs 300MW solar deal

Yangon-based Won Toll signed an agreement for a 300-megawatt solar power project with Kamrai Panit from Thailand on May 18, said officials. The US$1 billion agreement will fund the solar power plant in Ayeyarwady Region to generate electricity to transmit to industries, said U Kunn Zaw Tun, chair of Won Toll. The figure is unusually […]

Power sector: Lofty goals, missed targets

The power sector in Myanmar over the past five years has been characterized by ambitious plans and unrealized targets. While a few power projects have been completed during the outgoing government’s term, others were suspended or cancelled and dozens more remain in limbo. Myanmar remains one of the least-powered countries in Southeast Asia. Just over […]

Andaman explores solar in Sagaing

Investment and advisory firm Andaman Capital Partners is working with the Sagaing Region government to find commercial opportunities for solar power, with a view to securing a 450-acre site and generating up to 80 megawatts of electricity. If the project is approved, it would become the third major foreign investment into solar energy in Myanmar. […]

Myanmar’s Solar Ambitions Kickstarted With $480 Million ACO Pact

Myanmar will expand its sources of clean energy through an agreement with ACO Investment Group, a U.S.-based private-equity fund focusing on Asian emerging markets, to develop two solar-energy plants. The project, consisting of two 150-megawatt solar facilities, is valued at $480 million, according to a release from the Office of the U.S. Trade Representative. The […]

Award of major airport contracts offers new clues about Thein Sein government’s approach to doing business.

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Yangon’s still-sleepy international airport has grown increasingly busy amid a growing tourist trade, a flood of Western diplomats and NGOs re-establishing themselves in Myanmar, and planeloads of corporate executives coming to see whether all the changes are real. […]

New and Improved Airports Needed as Myanmar’s Tourism Grows, Officials Say

RANGOON — With the winning bids for Burma’s three major new airport projects due to be announced by the end of this month, officials say the contracts are necessary, given that the government hopes to draw over 7 million tourists to the country by 2020. The existing international airports for Rangoon and Mandalay will be […]