Business Brief: What Makes APR Energy ‘The Most Interesting Jacksonville Company’

One of the most successful businesses based in Jacksonville doesn’t do any business in Jacksonville —or even the U.S. This is the story of APR Energy. Its co-founder and Executive Chairman John Campion shared his life’s journey at a recent World Affairs Council Jacksonville luncheon. Campion arrived in the U.S. from Ireland in the early 1980s […]

Karpower firms up plans to sail a 480 megawatt Power Barge into Yangon

ISTANBUL — Turkey-based Karpower is looking to sail a 480 megawatt-capacity power barge from Istanbul to Burma’s commercial capital of Rangoon in April, expecting it to supply 20 percent of the country’s total electricity consumption, said Orhan Karadeniz, chief executive officer of the Karadeniz Powership energy group, at a ceremony in Istanbul on Sunday. The […]

Rangoon Electricity Tender Awarded to Murky Consortium

Subscribe to our tender alert mailing list RANGOON — A consortium with links to a Burmese company previously on the US blacklist and including an international energy company affiliated with the former US Secretary of State Madeleine Albright will work to alleviate Rangoon’s electricity woes. A consortium led by National Infrastructure Holdings won tender to generate […]

Power plant tender winner to be announced next week

Subscribe to our tender alert mailing list 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 […]

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

Subscribe to our tender alert mailing list 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 […]

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 […]