Sembcorp Myingyan Independent Power Plant
EMPOWERING THE PEOPLE OF MYANMAR
The Sembcorp Myingyan Independent Power Plant (IPP) is a 225-megawatt combined-cycle, gas-fired power plant located in the Myingyan district of the Mandalay division.
Costing about US$300 million, the plant is one of the largest gas-fired independent power plants in Myanmar, and would help to play a key role in meeting the country's growing demand for electricity.
This project was developed under a build-operate-transfer agreement between Sembcorp Myingyan Power Company Limited and the Ministry of Electricity and Energy (MOEE) of Myanmar signed in January 2017.
Under the agreement, Sembcorp Myingyan Power Company will build and operate the power plant for 22 years, after which the facility will be transferred to the government.
ABOUT SEMBCORP INDUSTRIES
Sembcorp Industries (Sembcorp) is a leading energy and urban solutions provider, led by its purpose to drive energy transition.
Headquartered in Singapore, Sembcorp leverages its sector expertise and global track record to deliver innovative solutions that support the energy transition and sustainable development. By focusing on growing its Renewables business, it aims to transform its portfolio towards a greener future.
Sembcorp has a balanced energy portfolio of 21.2GW, with 14.4GW of gross renewable energy capacity, across 10 countries*.
Its urban development projects span over 14,000 hectares across Asia and have generated over 377,000 employment opportunities and attracted close to US$50 billion of investment capital.
Sembcorp is listed on the main board of the Singapore Exchange. It is a constituent stock of FTSE Russell Index, MSCI Singapore Index, Straits Times Index as well as sustainability indices including FTSE4Good Index, iEdge SG ESG indices and several MSCI ESG indices.
For more information, please visit www.sembcorp.com
*Total gross capacity assumes 100% ownership of assets, including projects secured and under construction, and an acquisition pending completion.