Myingyan Ipp ProjectIpp Myingyan Project
Burma - Myingyan Power Generation Project (MPGP) (English)
The country Myanmar; Region East Asia and the Pacific; Main sector Energy and raw materials; Rel. Project ID MM-Myingyan Power Generation Project -- Sector Thermal Power Generation ; Topics Water ; Energy and Extractives ; Power Systems ; Power and Electricity Sector ; Environment and Natural Resources ; Historic Topics Environment ; Energy ; Historic SubTopics Power & Energy Conversion ; Energy Policies & Economics ; Hydrology ; Energy Demand ; Energy and Environment ; Energy and Mining ; Global Environment ; *The text edition is unorrected OCR text and is only available to profit customers with slovak illsectivity.
Advising Allen & Overy on development of first Myanmar IPP - News
In cooperation with the Ministry of Electric Power (MOEP) and the state-owned company Myanmar Electric Power Enterprise (MEPE) for the Advisory Services division of the International Finance Corporation (IFC Advisory), Allen & Overy traded on the occasion of the signature of a Power Purchase Agreement (PPA) with Sembcorp Myingyan Power Company Limited (a Sembcorp Industries subsidiary) in connection with Myingyan IPP.
This 225 MW gas-fired cogeneration plant is the first stand-alone project to be built in Myanmar. This will also be the first electricity project in Myanmar to take advantage of multi-sourcing project finance from developing agencies (including the IMCC and the Asian Bank ) and multinational corporate creditors (including Clifford Capital, DBS Bank, DZ Bank and Overseas-Chinese Banking Corporation), with the Multilateral Investment Guarantee Agency and the Asian Bank covering sovereign default and capital risks.
Signature of the PPA for the project on 29 March 2016 is the climax of a comprehensive project of developing capacities and exchanging know-how between the Government of Myanmar and its business, engineering and regulatory advisers (including IFC Advisory and Allen & Overy). This deal began in July 2013, when A&O was mandated to prepare a standardized PPA for the Myanmar government.
A&O provided advice on all project issues from the first tender to the anticipated mid-2016 mid-2016 finance deal. A&O' s management was headed by Bangkok-based Stephen Jaggs, supported by an extensive global network of Yangon, London and Sydney-based partners that included Chris Bishop, Chris Burkett and Josh Htet, Isabelle Whitehead and Jessica Lee.