Thaketa 485MW CCGT Project

1/10/2016
Project development

$ 650 million

Completed

1/10/2016


Overview:

  • The Thaketa 485MW combined cycle gas turbine (CCGT) project is the largest gas-fired power plant concession in Myanmar, which is more than twice the size of the SembCorp Myingan project.
  • It is also the fifth privately run power plant in Yangon and is located approximately 10 km from Yangon and 16 km from Thilawa Special Economic Zone.
  • The construction period for the 106MW plant is the first phase of the 485MW CCGT project, and it is set for two years with power production due to start in March 2018.
  • The project aims to meet Yangon’s power demand of 720 million kW annually, according to the company.
  • UREC Energy, a Chinese enterprise, is the owner of the plant. 

WaiYee Tsang - Journalist - Asia Pacific

Jurisdiction:

Myanmar

Deal type:

Project development

Practice area:

Project development

Industry sector:

Energy


Firm:

Party: Union Resources and Engineering Company (UREC) (Sponsor)

Party: Department of Electric Power Management of Myanmar (Sponsor)