The military regime is seeking tenders to implement 12 solar power projects to raise foreign currency, with some 40 firms including Thai and Chinese companies planning to make bids.
Bids for the 12 solar power projects were invited on May 24 and tenders are to be submitted by August 11. The projects are planned to be built in Mandalay, Bago, Magwe and Sagaing Regions and Shan State, with each one expected to generate between 20 to 40 megawatts of electricity.
“Many of the companies that are planning to bid have no experience in solar power production. But experienced companies are not bidding because they doubt the economic feasibility of the projects,” said a director of a local energy company which has previously bid for solar power projects.