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Sembcorp Industries To Develop US$300 Million Power Plant In Myanmar
Daily Bulletin | 07 December 2015
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Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Utilities, has signed a memorandum of agreement with Myanmar’s Department of Electric Power Planning to invest in and develop a 225-megawatt gas-fired power plant in central Myanmar.

The proposed US$300 million facility is set to be the largest gas-fired independent power plant in Myanmar, when completed in 2018 and will supply power to Myanmar Electric Power Enterprise under a 22-year power purchase agreement.

Sembcorp will have an 80 percent stake in the build-operate-transfer project while its partner MMID Utilities will hold the remaining 20 percent.

Sembcorp Industries  2.080 -0.02 -0.95%   
Business: Primarily engaged in the production and supply of utilities services. [FY18 Turnover] Utilities (55.9%), marine (41.8%), others/corp (2.2%), urban development (0.1%).

Insight: May-19, 1Q19 revenue fell 10.1% to $2.5b due to lo... Read More

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