MIC approval for rental power project

Power Gen Kyaukse has received Myanmar Investment Commission for its 145MW rental power project in Mandalay.
 
The project is to be located near the 230kV substation in Bilin, replacing a project formerly operated by APR Energy and Supreme Trading.
 
Backers received Myanmar Investment Commission approval at its 14th meeting of 2018 on 7 September. It is a foreign-local joint venture, with 91% ownership by Myanmar companies and 9% by Chinese companies, according to DICA officials.
 
The consortium including National Infrastructure Holding and MCM won a tender earlier this year to build the project, under the company name Power Gen Kyaukse (sometimes Powergen Kyaukse). Work began in May with site clearance and civil works, with SEPCOIII announced as the EPC company.
 
Earlier this month, the consortium took the somewhat unusual step of importing gensets ahead of a signed Power Purchase Agreement. A total of eight 18MW Wartsila gensets are to be used.
 
It is an apparent sign of confidence in the Kyaukse project that the developers are moving forward despite no Power Purchase Agreement being signed. An official told Myanmar Energy Monitor that the process has advanced to the point where the Power Purchase Agreement could be signed at any time.
 
Of note, at the same time as the Kyaukse tender, a tender was awarded to VPower for a project at Myingyan, also in Mandalay Region. It appears it has not yet received MIC approval.