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, driven by its purpose to do good and play its part in building a sustainable future.
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 21.1GW, with 14.3GW of gross renewable energy capacity globally*. The company is also an urban developer with a portfolio spanning over 14,000 hectares across Asia and has a proven track record of transforming raw land into urban developments.
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.