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Signing Ceremony for Power Purchase Agreement (PPA) between , Chipwe Nge Electric Power Co., Ltd. and Ministry of Electricity and Energy
7/28/2018 8:27:00 PM

The Signing Ceremony for Power Purchase Agreement (PPA) between  Chipwe  Nge Electric  Power  Co., Ltd. and Electric Power Generation Enterprise under Ministry of  Electricity and  Energy  was held at Horizon Lake view Resort Hotel, Nay Pyi Taw on 12th July , 2018 in the evening (06:30) PM.


          In this ceremony, Union Minister U Win Khaing, Deputy Minister Dr. Tun  Naing, H.E. Mr. Hong Liang , Chinese Ambassador to Myanmar , Pyithu Hluttaw Electricity and Energy Development Committee Chairman U Kyi Moe Naing , Amyotha Hluttaw Construction , Industry , Electricity and Energy Development Committee Chairman U Saw Moe Myint, Permanent Secretary U  Tin Maung Oo, Director Generals,  Managing Directors and the responsible persons from Departments and Enterprises under Ministry  of Electricity and Energy,  Chipwe Nge  Electric Power Co., Ltd . Chairman Mr. Li Jianwei and his members were presented.


Firstly , Union Minister U Win Khaing delivered an opening address that;


this ceremony is signing Power Purchase Agreement (PPA) for purchasing electric power generated from Chipwe Nge Power Station,

the government will try to generate more power by using various resources and encourage private and foreign investments,

it can get job opportunities for local people and can support for development of socio - economic life,

it can use 1% of net profit in every year for environmental conservation and corporate social responsibility and it is for regional development and state development.

And then, Mr . Li Jianwei , Chairman for Chipwe Nge Electric Power Co., Ltd. said thankful remarks.


          Finally , U Khin Maung Win , Managing Director of  Electric Power Generation Enterprise and Mr. Zhao Laipu , Managing Director for  Chipwe Nge Electric Power Co., Ltd. signed and exchanged the Power Purchase Agreement (PPA) and took group photos.


          Chipwe Nge Hydropower Plant is situated on Chipwe Creek, Chipwe town in Kachin State. State Power Investment Co., Ltd , one of foreign investment companies started this project since 2008 by Joint Venture (JV) System and it has finished in 2011. The  Power generated from this plant is being distributing to Myit Kyi Nar , Chipwe , its surrounding villages connecting national grid via 132kV Wine Maw Primary substation. Its installed capacity is 99 MW and designed annual generation is 599 Milions KWhr.


6.EGATi seeks Myanmar power plants


Egat International Co (EGATi), a wholly owned subsidiary of the Electricity Generating Authority of Thailand (Egat), is in talks with local operators to construct small gas-fired power plants in Myanmar.


The company is seeking at least 10 potential sites for the construction of power plants with a capacity of 5-10 megawatts. EGATi estimates the investment budget at US$3-6 million per plant. Liquefied petroleum gas will be the main fuel for power generation in Myanmar.


According to president Watchara Hemruchatanun, once EGATi has local partners, the next step will be to meet with Myanmar"s policymakers.


"We expect to come up with a further conclusion about our projects in Myanmar very soon," he said. "We aim to sell the electricity to local household users and distribute through local state administrations." Mr Watchara said the company is confident that the Myanmar business plan will be worthwhile for EGATi"s investment because local users pay power bills of up to 10 baht per kilowatt-hour.


Thai users have to pay just 3-5 baht per kilowatt-hour, and 60% of the power generated comes from natural gas. "Myanmar users remain on diesel electric generators, which makes for a very high cost of power generation," Mr Watchara said.


Nonetheless, Mi Mi Khaing, director-general of Myanmar"s Department of Electricity Power Planning, said the power supply in her country is outstripped by the people"s demand.


The department forecasts supply of 3,360MW and demand of 4,531MW in 2018.


"By 2025, power demand will reach 8,121MW in Myanmar, thanks to the expanding population and economic size, but the supply remains unchanged if policymakers don"t plan for more new power plants," Mi Mi Khaing said.


Yesterday, the Thai embassy in Yangon and the Thai Business Association of Myanmar held the "Myanmar Insight 2018" economic seminar to celebrate the 70th anniversary of the establishment of Thailand-Myanmar diplomatic relations.


Myanmar is also seeking further business support from Thai counterparts in the areas of petroleum exploration and power generation. EGATi was launched in 2007 to expand power generation abroad. Although set up as a wholly owned Egat subsidiary, EGATi was intended to work like its private sector counterparts.


In Myanmar, EGATi conducted a feasibility study of the construction of the Hatgyi dam project in Karen State, near the border of Thailand, but it got pushback from local villagers living along the Salween River. EGATi currently has only one power plant in a neighbouring country: the Nam Ngiep 1 Hydropower Project with a capacity of 289MW, located on the Ngiep River in Laos"s Bolikhamxay province.