Myingyan: Plugging Myanmar’s Power Gap

Sponsors of the $300 million 225MW gas-fired Myingyan IPP project in Myanmar have signed on a $250 million non-recourse DFI-backed loan. The deal is the unrated country’s debut in the internationally banked long-term project finance market and its first non-recourse financing in the power sector. The project was awarded under a 22-year BOT concession to […]

Sembcorp Will Hand $300m Power Plant To Myanmar Government in 22 Years

​​ The Singapore-listed energy company Sembcorp has signed a build-operate-transfer agreement with the Ministry of Elec­tricity and Energy for a 225-megawatt gas-fired power plant in Myingyan, near Mandalay. The signing “represents a key milestone” for the $300 million project, the company said in a state­ment. Under the deal, the Sembcorp Myingyan Power Company will op­erate […]

ABB to automate 225 megawatt combined cycle power plant in Myanmar

ABB recently won an order from Singapore-based Jurong Engineering Limited (JEL) to supply a Symphony Plus total plant automation system for one of the largest combined cycle power plants in Myanmar, located in the Myingyan district of the Mandalay division in central Myanmar. The Symphony Plus system will control and monitor the entire power plant, […]