Power plant tender winner to be announced next week

The Ministry of Electricity and Energy will announce the winners of a tender to build a 300-megawatt power plant in Yangon next week, ministry officials said. The tender was issued in July for a five-year contract to supply 300MW of power to Yangon each day – the government’s first tender after taking office in April. Of the […]

APR Energy extends Myanmar contract

Temporary power provider APR Energy has confirmed that its 102MW project south of Mandalay, Myanmar, has been extended through to 2016. The original contract for the plant, signed in February 2014, was the first agreement between a US-based company and the government of Myanmar for power generation since the lifting of sanctions. The Kyaukse power […]

MEPE calls tender for gas-fired power

Myanma Electric Power Enterprise (MEPE) has issued more tenders for independent power producers to build gas-fired power plants in Yangon and Myingyan, according to an official. Local and international companies have been invited to apply to generate electricity by gas engine or gas turbine, which will then be bought by state-owned MEPE. Both projects are […]

Banks on charm offensive in Myanmar

FOREIGN banks venturing into Myanmar are expected to flex their muscles by investing in, and advising, the fledgling local financial market – and that includes efforts to lift standards of local bank staff. The charm offensive in recent years cannot be underestimated. Besides proving long-term commitment to this frontier market, international lenders need the blessings […]

UOB to finance new power plant in Myanmar

SINGAPORE: United Overseas Bank (UOB) announced on Monday (Apr 20) a financing agreement with Singapore-based company Royal GK – a company commissioned to help meet Myanmar’s rising demand for energy. Royal GK, an engineering procurement and construction company, was contracted by the Myanmar Central Power Co (MCPC) to procure gas engines for the construction of […]

APR Energy expands turnkey power plant in Myanmar

Jacksonville, FL – APR Energy, a global leader in fast-track power solutions, is pleased to announce that it has commissioned a 20 megawatt expansion of its power plant in Myanmar, providing the Myanmar Electric Power Enterprise (MEPE) with a guaranteed minimum of 102MW of power generation. Based in Kyaukse, in the Mandalay region, the expanded […]

APR takes up the elephant dance

As Myanmar continues to emerge from the shadows of isolation onto the international stage, engagement with overseas investors is deepening further. There are some sticking points – the United States has yet to lift all of its sanctions, for example. But Ford and Coca-Cola are here, and nearly 1000 international businessmen and women visited Nay […]

APR Energy Switches on 100MW Myanmar Power Plant

American power solutions provider APR Energy announced that the company’s power generation plant in Myanmar is now fully operational. In February, APR clinched a contract to build a “fast-track” 100-megawatt power plant in upper Myanmar, becoming the first American company to sign a power generation agreement with the government since the lifting of sanctions in […]

MAXpower Inks $35-m Power Deal with Myanmar Gov’t

MAXpower (Thaketa) Co Ltd, a power generating subsidiary of Singapore-based Navigat Group, said it has started supplying power under a power purchase agreement made with the state-owned Myanmar Electric Power Enterprise (MEPE). The company said with this agreement it became “the first 100-percent foreign-owned power company to enter into a long-term relationship” with MEPE. MAXpower […]

UOB finances the first Singapore company building a power plant in Mon State, Myanmar

Nay Pyi Taw, Myanmar, 24 February 2014 – United Overseas Bank (UOB) today signed a financing agreement with Singapore company Asiatech Energy to build a combined cycle gas-fired power plant in Mon State, Myanmar. Asiatech Energy was commissioned to construct the power plant in Mawlamyaing Township by Myanmar Lighting IPP Co. Ltd (MLC). MLC will […]