135 MW Kyauk Phyu Gas Fired Combined Cycle Power Project - Details on ZAWYA UAE Edition
added on: 17 November 2020

135 MW Kyauk Phyu Gas Fired Combined Cycle Power Project

Ongoing

Background

Kyauk Phyu Electric Co Ltd planned to develop 135 MW Kyauk Phyu Gas Fired Combined Cycle Power Project located in Kyauk Phyu of Rakhine province, Myanmar. Siemens Energy and SEPCO1 Electric Power Construction Co Ltd were the gas turbine generator supply contractor of the project. In July 2019, Supreme Group of Myanmar and Chinese state-owned Sinohydro were preparing to sign the power purchase agreement (PPA) for their US$180m 135MW Kyaukphyu gas-to-power project. The gas would be sourced from the Shwe field and power would be distributed in Rakhine. The two companies signed a letter of acknowledgement for the conclusion of the PPA negotiations with the minister for electricity of Myanmar and energy U Win Khaing on the sidelines of the Belt & Road Forum in Beijing in April 28. The PPA was reported to be on the final stage of the approval process from the Myanmar government and completion was expected soon. On November 20 2019, it was reported that the Electric Power Generation Enterprise (EPGE) and Kyaukphyu Electric Power signed a power purchase agreement (PPA) last week for the 135MW Kyaukphyu independent power project (IPP) being developed in western Myanmars Rakhine state. Kyaukphyu, a joint venture between Myanmars Supreme Group and Chinese state-owned Power China, was developing the plant as a strategic project under Chinas Belt & Road Initiative. The gas would come from the Shwe field. It was expected to commence commercial operation by 2021. In line with the economic development goal of Myanmar, the CCPP Project aims to: -optimize the electric power supply infrastructure; -guarantee the diversity of the power supply in Kyauk Phyu District; -improve the energy infrastructure of Myanmar, particularly the power supply reliability of Kyauk Phyu regional electric grid; and -Greatly improve the reliability, safety and environmental friendliness of power supply in the region. The implementation of the project will have a positive impact on the development of Kyauk Phyu Special Economic Zone. The development of Kyauk Phyu Special Economic Zone is in line with Myanmar’s national interest in revitalizing the western economy and resonates with China’s “the Belt and Road Initiative”. Once the Project becomes operational, it will satisfy the electric power demand growth of Kyauk Phyu, which accommodates the largest load centre of the whole Kyauk Phyu District.
Country
Sub-Sector
Power
Facility Type
Power Production Plant
Ownership Type
Project Type

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