SembCorp signs power purchase agreement with MEPE

Share |

12 April 2016, Electricity

oilandgasobserver archive

The power to be supplied will be produced by Sembcorp's upcoming power project in Myingyan, Mandalay. The PPA will come into effect upon the fulfilment of certain conditions precedent, including the execution by Myanmar's Ministry of Electric Power (MOEP) of the build-own-transfer agreement for the project, pursuant to which MOEP agrees to provide all support for the implementation of the project and guarantees MEPE's payment obligations under the PPA.

Dennis Foo, General Manager of Sembcorp Myingyan Power Company, said, "Sembcorp is very pleased to sign this long-term PPA with MEPE. We look forward to working closely with MEPE and MOEP to help meet the growing demand for power here, thereby supporting Myanmar's continued development and contributing to an enhanced quality of life for its people. We also hope to support the country through capacity building in the power sector."

Source: MarketLine

More Electricity News

Recent news