Sembcorp clinches power-purchase deal for gas-fired power plant in Myanmar
SEMBCORP Industries has made its foray into Myanmar's power market.
On
Friday, its wholly owned subsidiary, Sembcorp Utilities, received the
notice of award to develop and operate a 225-megawatt gas-fired power
plant in central Myanmar by the Myanmar Electric Power Enterprise
(MEPE), a division under the Ministry of Electric Power of Myanmar.
The
US$300 million power plant, located in the Myingyan district of
Mandalay division, is set to be the largest gas-fired independent power
plant in Myanmar.
The plant is expected to be completed in 2017
and will supply power to MEPE under a 22-year power-purchase agreement.
Sembcorp will have at least an 80 per cent stake in the project.
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