Myanmar concludes solar tender of up to 1 GW capacity
The Ministry of Electricity and Energy of Myanmar has closed its solar tender of up to 1 GW capacity after announcing the winners with bids ranging from US$0.0348/kWh to US$0.051/kWh.
The Chinese inverter maker Sungrow and China Machinery Engineering Corp. (CMEC) have secured nine and eight projects, respectively; the consortium of State Power Investment Corporation Limited (SPIC) of China and a local company Khaing Long Gems has secured four projects; Longi, GGL Systems, and groups led by German developer ib vogt and Myanmar’s Gold Energy have also secured projects.
The tender comprises the implementation of 1.06 GW of ground-mounted solar power projects from independent power producers (IPP) on a build-operate-own (BOO) basis.
The selected independent power producers will be awarded 20-year power purchase agreements (PPA). It is expected that the selected developers will sign the 20-year PPA within the next 150 days.
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