PTTEP approved to build gas-to-power plant in Myanmar
Myanmar has approved the development of an Integrated Domestic Gas to Power Project involving US$2 billion in investments in Kyaiklat, Ayeyarwady Region.
The Ministry of Electricity and Energy granted a Notice to Proceed to Thai national oil company PTTEP for the 592-megawatt project, which will be carried out under a 20-year Build, Operate and Transfer basis. An option to extend for five years will also be included.
PTTEP will utilise gas produced domestically at its Zawtika and M3 gas fields in the Gulf of Moattama to generate affordable electricity for Myanmar.
The move marks PTTEP’s “first step in extending our business along the gas value chain in Myanmar,” CEO Mr. Phongsthorn Thavisin said.
The project, which is expected to be implemented in the first half of 2024, was approved in the line with Myanmar’s Sustainable Development Plan and its Energy Master Plan, which aims for all households to have access to electricity by 2030.
Natural gas produced at PTTEP’s fileds will be transported via onshore and offshore pipelines totaling 370km. The pipelines will connect Kanbauk, Daw Nyein and Kyaiklat to two newly constructed gas recieving stations at the project site.
The electricity generation from this project is expected to account for approximately 10 percent of Myanmar’s existing installed power plant capacity. The generated power will be sold to state-owned Electric Power Generation Enterprise.
It will supply power to future projects around Yangon and Ayeyarwady regions while surplus energy will be fed to the national grid via a 230KV transmission line from Kyaiklat to the Hlaing Thayar Substation.
A final investment decision will be made by early next year.
More details: https://www.mmtimes.com/news/pttep-approved-build-gas-power-plant-myanmar.html