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January 11, 2022

Thaketa LNG Fired Power Plant, Myanmar

By Carmen

Thaketa LNG Fired Power Plant is a 477.1MW gas fired power project. It is located in Yangon, Myanmar. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in June 2020.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 477.1 477.1 Active Yangon, Myanmar China National Technical Import & Export; VPower Group

Description

The project is developed and owned by China National Technical Import & Export and VPower Group. The owners have 50% stake in the project respectively.

It is a Internal Combustion power plant. The fuel is procured from Petronas LNG Ltd.

The project cost is $360.24m.

Development Status

The project got commissioned in June 2020.

Power Purchase Agreement

The power generated from the project is sold to Electric Power Generation Enterprise under a power purchase agreement. The power is sold at the rate of $0.12kWh for a period of 5 years, starting from 2020.

Contractors Involved

Rolls Royce Marine was selected as the engine supplier for the Gas fired project. The company supplied MTU 4000 model engines for the project.

About China National Technical Import & Export

China National Technical Import & Export Corp conducts diversified operations. The Company exports complete equipment, as well as contracts and manages engineering projects. China National Technical Import & Export provides services in energy, transportation, telecommunication, petrochemical, mechanical, electrical, medicine, and other industries. The company is headquartered in Xisanhuan North Road Beijing, China.

About VPower Group

VPower Group (VPower) provides low carbon and sustainable energy. It is headquartered in Hong Kong City, Hong Kong.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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