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Scan raises capital for Myanmar operation

SET-listed Scan Inter Plc (SCN), a natural gas trader and operator of compressed natural gas (CNG) stations, has increased its registered capital by 97.63 million baht via a private placement (PP) to beef up its solar power plant operation in Myanmar. The registered capital comes at an offering price of 4.50 baht per share. Scan’s […]

130 MW solar project announced in Myanmar

Thailand-based Modern Energy Management (MEM) says it has teamed up with an undisclosed investor to develop a 130 MWp solar PV project in Myanmar. It is expected to come online in Q4 2019. Overall, the country is said to have a large-scale solar pipeline totaling 1.5 GW. The renewable energy advisory firm will reportedly help […]

BEC secures investments in Myanmar solar plant contractors

Basic energy corp. (bec) has secured equity investments in the engineering, procurement, and construction (epc) contractors for a 220-megawatt (mw) solar power project in myanmar. In a disclosure to the Philippine Stock Exchange (PSE), BEC said that its board confirmed the company’s 15 percent equity investments in the Vintage EPC Company Limited and VTE International […]

US-based Quasar Plans 100 MW Solar Project In Myanmar

Texas-based Quasar Resources is looking to invest several million dollars to set up power generation assets in Myanmar. The company plans to invest $300-400 million in Myanmar over the next five years to set up various power projects; this includes a 100 MW solar power project. The solar power project is expected to come up in […]

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 […]

US engineering firm returns to Myanmar

Black & Veatch was recently appointed by Green Earth Power (Thailand) to provide design and consultancy services for a solar power project in Myanmar, the first after the company opened an office in the country. The contract marked the return of the US firm to the country. It has a history of working in Myanmar […]

Thai’s Vintage enters into Myanmar’s alternative energy business

Attracted by the country’s growth potential, Vintage Engineering plans to pursue alternative-energy business opportunities in Myanmar via the construction of a solar energy-driven power plant, after acquiring a stake in a company holding a permit for a 220-megawatt facility. The listed company is also ready to acquire power plants in Thailand and abroad. Vintage has […]

Green Earth Power (Thailand) wants partners for 210 MW Solar Plant in Myanmar

NAY PYI TAW : Green Earth Power (Thailand) or GEP is seeking partners for joint development of its 210-megawatt solar power plant in Myanmar, the third largest of its kind in the world and costing nearly 9 billion baht. The company also plans to mobilise funds from the Stock Exchange of Thailand for a bigger […]