Thai company to build Myanmar’s largest solar plant
Plant will also be the third-largest plant of its kind in the world.
Green Earth Power, a renewable developer based in Thailand, has signed a memorandum of understanding for the 210 MW solar project with Myanmar’s electric power ministry. The company is looking for partners to join the development, and plans to complete the project within two years.
Myanmar will invest US$275 million in the development of a solar power plant in Minbu. Myanmar has one of the lowest domestic energy consumption rates in the Southeast Asia.
The project’s power purchase agreement is expected to be signed within three months. All electricity generated by the solar plant will be sold to the Myanmar government for a period of 30 years.