China-backed solar projects to be completed by April

29 solar power projects now being implemented by the Chinese in Myanmar will be completed in April. The solar power projects are expected to generate more than 1000-megawatts of electricity when complete and be able to distribute power to the national grid, said U Zaw Moe Win, senior engineer at state-owned Electric Power Generation Enterprise.

The projects are being carried out by the Chinese under Independent Power Producer/Build, Operate, Own arrangements and must be completed within 180 days of receiving approval from the Myanmar government. The tender was first announced in May last year and the winners made known in September. Most of the winners were Chinese companies.
The bidding price by the Chinese was lower than the industry’s expectations, at US$0.0422 per unit. The average bidding price was $0.0508.

“According to the terms and conditions of the tender, we fix duration of six months after granting the letter of authorization. We also urged the companies to meet the deadline, which is set for
summer 2021,” said U Zaw Moe Win. – Translated

To see the original article click link here

Source: Myanmar Times

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.