The Upgrading of a combined cycle gas turbine power plant in Ywama, Yangon, has been given the go-ahead by the Ministry of Electricity and Energy (MOEE).
The Power plant is located in Insein township, and the US$300 million required for the upgrading will be provided by the World Bank.
A tender for the project will be called this year. Work involves replacing old machinery and equipment at the plant so that it can generate 300 MW of power. It will take 36 months to complete.
This is the latest in a slew of moves by the government as it executes plans to provide more electricity to meet demand. Last month, the MOEE granted a Notice to Proceed to Japan’s Marubeni, Sumitomo Corp and Mitsui & Co to build a 1250 MW liquefied natural gas (LNG) power plant worth up to US$2 billion in Yangon’s Thilawa Special Economic Zone.
The plant will be developed under a joint venture with a Myanmar consortium consisting of local conglomerate Eden Group and the government. Construction is estimated to take 30 months.
In June, Hong Kong-listed VPower Group signed power purchase agreements with the MOEE for its gas plant in Kyun Chaung of Magwe Region, as well as the LNG plants in Yangon’s Thanlyin and Thaketa and Rakhine’s Kyaukphyu. The plants, which are part of the five emergency power projects tendered by the MOEE in 2019, have the combined capacity of generating more than 1000 MW of energy. Commercial operations began at all four plants in June.
Investors were also invited to tender for 30 solar projects which will porduce over 1,000 MW in May. The deadline for that tender though, has been the subject of criticism among potential bidders and local investors, and extended from June 17 to July 17.- Translated
More Details: https://www.mmtimes.com/news/govt-greenlights-ywama-gas-plant-upgrade.html