Myanmar inks two electricity deals with Chinese LNG plants
The Myanmar government has signed two power purchase agreements (PPA) to buy electricity from two liquefied natural gas (LNG) plants totalling 580 megawatts.
The project company of CNTIC VPower Group inked two five-year PPAs with the Ministry of Electricity and Energy’s Electric Power Generation Enterprise (EPGE) on June 26 for the plants in Thanlyin, southeast Yangon, and Kyaukphyu, central Rakhine.
In a July 2 announcement on the Hong Kong Stock Exchange, VPower said the two projects had started operations on June 30. Tariffs and other details have not been disclosed for either agreements.
The energy ministry’s deputy permanent secretary U Soe Myint said last month that the government would be paying around US$0.12 per kilowatt-hour.
The Myanmar Times has contacted VPower for comments on the operation details.