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 is a leading energy, marine and urban development group, operating across multiple markets worldwide.

As an integrated energy player, Sembcorp is poised to benefit from the global energy transition. With a strong track record in developing and developed markets, we provide solutions across the energy and utilities value chain, with a focus on the Gas & Power, Renewables & Environment, and Merchant & Retail sectors. We have a balanced energy portfolio of over 12,400 megawatts, including thermal power plants, renewable wind and solar power assets, as well as biomass and energy-from-waste facilities. In addition, Sembcorp is a world leader in offshore and marine engineering, as well as an established brand name in urban development.

Sembcorp Industries has total assets of over S$23 billion and over 7,000 employees. Listed on the main board of the Singapore Exchange, it is a component stock of the Straits Times Index, several MSCI and FTSE indices, as well as the SGX Sustainability Leaders Index and the Dow Jones Sustainability Asia Pacific Index.