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Solar plant to power 12% of Myanmar

DagonKhan
in Myanmar General Chat

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Solar plant to power 12% of Myanmar

A planned $US480m ($A520m) solar power plant in Myanmar's northwest, being backed by US investors, is set to provide up to 12 per cent of the country's power generation, Reuters reports.

According to the news service, the two 150 MW solar plants will be built by 2016, with US-based ACO Investment Group saying it had secured institutional investor interest to meet the $US150m equity component of the project, and was in talks with development finance institutions about debt to cover the balance.

US-made inverters and "some" US-made solar panels will be used for the project, Reuters said.

The project is set to create 400 construction and 100 permanent jobs, with a US trade representative saying it marked one of the biggest US investments in the country, the news service said, since 50-year-old sanctions were lifted in 2011.

http://www.theaustralian.com.au/business/latest/solar-plant-to-power-12-of-myanmar/story-e6frg90f-1227044820431

Related thread:- http://www.thaivisa.com/forum/topic/755649-myanmars-solar-ambitions-kickstarted-with-480-million-aco-pact/

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