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Infrastructure & PPPs in Myanmar - H12020 Update

Updated: Aug 17, 2020

Jul-20

MARUBENI-LED GROUP SECURED RIGHTS TO DEVELOP MYANMAR PROJECT

Ministry of Electricity and Energy of Myanmar (MOEE) granted Marubeni, Sumitomo and Mitsui exclusive development rights develop a USD 2bn, 1.25GW gas-fired power plant project at Thilawa in Myanmar. Local conglomerate Eden Group is part of consortium.

The Thilawa LNG to Power Project, will be comprised of an LNG receiving, storage and regasification facility and an LNG fueled power plant. The partners will also handle the procurement and shipping of the LNG.

Under the 25-year power purchase agreement, the consortium will sell the electricity to the state-owned Electric Power Generation Enterprise (EPGE) after commercial operation starts in 2026.

MYANMAR UTILITY SIGNED PPA WITH TWO LNG PROJECTS

Electric Power Generation Enterprise (EPGE) has entered five-year power purchase agreements with two LNG projects in Myanmar that have a combined installed capacity of 582.4MW.The projects are located in Thanlyin, a port city next to Yangon, and the Kyauk Phyu township in Rakhine state. The projects have been developed by a 50:50 joint venture between VPower (Hong Kong) and China National Technical Import and Export Corporation (CNTIC).


May-20

SINGAPORE'S INFRASTRUCTURE ASIA TO ASSIST MYANMAR ON INFRA PROJECTS

Singapore-based Infrastructure Asia (IA) will aid the Myanmar government on the procurement and implementation of infrastructure projects in the country, and has signed an agreement with the Ministry of Planning, Finance, and Industry to assist it in various areas. It will help in the appointment of transaction advisors for the procurement process; identify suitable investors, financiers and consultants to support project preparation and execution; and provide know-how for projects to improve their bankability.

MYANMAR TO COMPLETE ROAD PROJECT FEASIBILITY STUDY

Myanmar will complete a feasibility study for a USD 820m transport project, and the preferred financing option for the project was a public-private partnership. The project involves the construction of a 446-km, four-lane expressway in the northern part of the country. The road, which will connect the city of Mandalay with the Chinese border, is slated to be completed in 2026.

The expressway will be divided into two parts: a 206km stretch that will be part of the country´s east-west highway, connecting the border trade hub of Muse in Shan state with the city of Htigyaing; and a second 240km leg connecting Htigyaing to Mandalay, further south.

HONG KONG’s VPOWER SIGNED MYANMAR JV AGREEMENT

Hong Kong’s VPower Group plans to tip USD 90m of equity and debt capital into a 50/50 joint venture it has set up to develop 900MW of LNG-to-power projects in Myanmar. VPower has signed a shareholder agreement with state-owned China National Technical Import & Export Corporation (CNTIC), formalizing plans to finance, build and operate the new projects, according to a stock exchange disclosure.

The joint venture partners started construction work, acquiring logistics facilities for LNG supply, and started building project management, operation, and LNG logistics teams. Parts of the 900MW portfolio are scheduled to start commercial operation this quarter.

The three projects, procured by the Electric Power Generation Enterprise of Maynmar, are:

· Thaketa Township in the eastern part of Yangon,

· the major port city of Thanlyin and

· Kyauk Phyu town in western Rakhine State.

MYANMAR TO ACCEPT EOIS FOR YANGON-MANDALAY EXPRESSWAY PPP IN Q32020

Myanmar's Ministry of Construction will launch a request for expressions of interest for the USD 960m Yangon-Mandalay Expressway PPP in Q32020, which was delayed due to COVID-19 crises. Construction on the project is expected to start in 2021 and will be completed in 2024. The winning bidder will hold the expressway concession for 25 years.

The Yangon Mandalay Expressway PPP will involve the upgrading of the 524km road linking the country's economic hub of Yangon to the administrative capital of Naypitaw, and then on to Mandalay.

MYANMAR TENDERS FOR 1 GW OF SOLAR PROJECTS

Myanmar's state-owned utility Electric Power Generation Enterprise (EPGE) issued a request for proposals for 1 GW of ground-mounted solar projects. The utilty plans to split the 1 GW capacity between roughly 30 solar projects with 30-50 MW capacity each. The feed-in-tariff for the projects will be decided through a competitive bidding process, and EPGE plans to agree 20-year offtakes with the winning projects.

Results of bids are expected in Q32020.


Apr-20

MYANMAR SEEKS BIDS FOR GAS-FIRED POWER PLANT IN THE KYAW TOWNSHIP

Electric Power Generation Enterprise (EPGE) requested bids to develop a new gas-fired power project in the Kyaw Township, central Magaway region of Myanmar. The project will be developed under a build-operate-own contract, and will be backed by a 5-year, 12 MW power purchase agreement with EPGE. The project is expected to be awarded in Q32020.


Mar-20

MYANMAR PLANS TO BUILD USD 820M EXPRESSWAY AS PPP

Ministry of Construction plans to develop the USD 820m Muse-Htigyang-Mandalay Expressway project as a public-private partnership. The project, which involves the construction of a 446-km, four-lane expressway in the northern part of the country, is slated to be completed in 2026.

The expressway will be divided into two parts: a 206km stretch that will be part of the country´s east-west highway, connecting the border trade hub of Muse in Shan state with the city of Htigyaing; and a second 240km leg connecting Htigyaing to Mandalay, further south.


Feb-20

LAUNCH OF MYANMAR PROJECT BANK

The Ministry of Planning, Finance, and Industry in Myanmar launched Myanmar Project Bank, a new government website showcasing major infrastructure projects in the country. The list includes information on the procuring authority of the project, its estimated cost, and its status. The list includes projects that will be offered to infrastructure investors, to be developed as PPP and the projected which will receive government funding or official development assistance.


Jan-20

AYALA BUYS STAKES IN MYANMAR-FOCUSED CONGLOMERATES

Manila-based Ayala Corp. invested USD 237.5m in two conglomerates with interests in Myanmar´s telecoms, healthcare and transportation sectors, among others. Ayala is set to acquire a 20% stake in Singapore-listed Yoma Strategic Holdings (YHS) for USD 155m; and 20% of Yangon-based First Myanmar Investment in exchange for a USD 82.5m convertible loan.

YHS owns a 9% stake in the Mandalay International Airport concessionaire, and 35% of a company that is planning to develop more than 2,000 micro solar power plants in Myanmar by 2023. YHS has also invested in Myanmar´s telecommunication towers jointly with Malaysia's edotco Group. First Myanmar focuses on investments in financial services, real estate, healthcare and tourism.

CITIC SIGNED KYAUKPHYU MYANMAR PORT CONCESSION

A Chinese consortium led by the CITIC Group has signed shareholder and concession agreements to build the first phase of Myanmar's USD 7.5bn deep-sea port of Kyaukphyu. This marks the end of a four-year delay for the Kyaukphyu Special Economic Zone Deep Sea Port Project, which the CITIC-led consortium won in 2015 in an international tender. The tender is to develop and operate the strategically important facility on Myanmar's west coast under a 75-year concession.

The first phase involves the construction of two berths with a total investment of USD 1.3bn.

The overall Kyauk Pyu project features the construction of a deep-water port as well as an adjacent industrial zone.

The group of Chinese companies led by CITIC comprises of China Communication Construction Company-owned China Harbour Engineering Company, China Merchants, TEDA Investment Holdings, Yunnan Construction Engineering and Thai conglomerate Charoen Pokphand.



For more information or to check how we can help you grow in Myanmar, please contact us at info@yoginfra.com

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