The Ministry of Electricity and Energy (MOEE) announced on May 18 that the ministry will invite local and foreign investors to bid tender for a solar power plant project on Independent Power Producer (IPP) and Build Operate Own (BOO) basis. The Concession period will be 20 years from Commercial Operation Date (COD).
The Independent Power Plant should be able to generate 1000 megawatts of solar power. Interested investors will have to submit proposal not later than June 18. The application form fee is K300, 000. Interested investors will have to submit proposal not later than June 18. The application form fee is K300, 000.
U Ye Tun Zaw, chief engineer at the MOEE, said renewable energy such as solar power can reduce carbon emissions and create jobs for the locals. The ministry is seeking various approaches in its longer term plans to generate electricity.
The largest and only solar power plant to be connected to the grid is a plant in Minbu, Magwe Region, which was launched last year. The US$297 million plant will have the capacity to generate 170MW of power and produce 350 million kilowatt hours per annum, which is sufficient to electrify about 210,000 households, when it is fully complete.