RE-Talk ASEAN: Inside 1GW Solar Tender in Myanmar
Myanmar is one of the most poorly electrified countries across Southeast Asia, with an average electrification rate of around 42% only. The country’s electricity consumption per capita also ranks among the lowest in the world at just 227 kWh, whereas the world’s average per capita has already reached 3,000 kWh.
Being a nation blessed with abundant sunshine and strong economic growth, it is a great idea to bridge the country’s electric supply gap with carbon free solutions. However, building a business is not as easy as building a solar power plant.
- Winner Timetable in Line with Bid Extension
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Issuance of tender documents: 18 May 2020
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Bid submission data: 17 July 2020
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Announcement of responsive bidders: Before 3 July 2020
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Price proposal opening date: Before 8 July 2020
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Issuance of letter of acceptance (LoA)
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Execution of PPA: Early January 2021
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Start of commercial operation: Early February 2021
PRESENTER
Peter Crowhurst
Chief Executive Officer
British Chamber of Commerce
Myanmar
Edwin Vanderbruggen
Partner
VDB Loi
- Key Requirements You Need to Concern
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Minimum average annual turnover: at USD 20 Million
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Experience in power generation: at least three projects n the last 10 years
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Model to be used: In operation for at least five years
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Bidders need to identify the sites: By themselves and conduct land due diligence.
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Lending Rates from local banks: Range from 10% to 14%.
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Payments Myanmar Kyats: Require reliable local partners for repatriation of funds)
- Top Speculations toward Bid Results:
PPA tariff rate: Lower than USD 5 cents/kWh
For Slides of Mr. Edwin Vanderbruggen and Mr. Peter Crowhurst, please direct requests to LinkedIn pages as in the right side.