The Ministry of Electric Power has signed a memorandum of understanding (MoU) for Thai energy company, Green Earth Power (GEP), to build a US$275 million solar power plant in Myanmar.
Solar-Home-SystemSpeaking to Bloomberg on Wednesday, Supasit Skontanarak, GEP's managing director, said the new plant will sell electricity to the Myanmar government for 30 years.
The project will be built 500km north of Yangon, close to Naypyitaw, and will have generating capacity of 210 megawatts. GEP claims it will be "the world's third largest solar power plant" when it is completed in two years' time.
Paul Bernard Yang, president and chairman of GEP, told the Bangkok Post last week that, "We are also in negotiations for a second MoU, [for a plant that] could be in Mandalay or Yangon, and to have capacity of more than 200MW. The second MoU with the Ministry of Electric Power is expected to be finalized this year.”
Myanmar has a notoriously low energy production rate with only 2,500 MW for a population of 55 million, compared with 32,000 MW to serve Thailand.
