Myingyan 225MW Independent Natural Gas Power project

Overview:

• Myanmar's Ministry of Electric Power (MOEP) has selected a private sector independent power producer (IPP) to develop a natural gas power project on a build operate and transfer (BOT) basis in Myingyan Township, approximately 500 km North of Yangon and 90 km West of Mandalay.
• The IFC provided financial advisory support to this project. Sembcorp and MMID Utilities will own 80% and 20% stake in the plant respectively.
• This is a 225MW combined cycle gas turbine (CCGT) power plant. The CCGT technology is the least cost approach to rapidly increase electricity production from natural gas and it minimises CO2 emissions in the production process.
• The project received approval on December 8 2015.
• The project is the first competitive tender for a gas-fired independent power producer project in Myanmar.
• The project is consistent with Asian Development Bank’s (ADB) Midterm Review of Strategy 2020. The project aims to improve the reliability and stability of Myanmar’s power supply at a competitive tariff, and at the same time address power shortages and help avoid future brownouts that hinder economic growth.

WaiYee Tsang - Journalist - Asia Pacific