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Ministry of Electricity and Energy has signed a five-year power purchase agreement (PPA) with CNTIC VPower Group on June 10.
The 400-megawatt LNG-to-power plant started its operations on June 14. The plant uses LNG imported from Malaysia. LNG cargoes totaling 190,000 cubic meters were delivered to Myanmar on June 4 a free-on-board arrangement by Malaysia's Petronas.
The ministry will buy electricity from the plant and the government would be paying around US$0.12 per unit (kilowatt-hour) of electricity.
This marks the first PPA for an LNG project the Myanmar government has signed and is one of the five “emergency” power projects.
Source: The Myanmar Times