Description

The project is being developed by Eden Group, Global Power Synergy Public, Marubeni and Mitsui. The project is co-owned by Eden Group, Marubeni, Mitsui and Sumitomo, with their respective ownership stake of 25% each.

It is a Combined Cycle Gas Turbine (CCGT) power plant. The fuel will be procured from Yangon LNG Terminal.

Development status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.

Power purchase agreement

The power generated from the project will be sold to Electric Power Generation Enterprise under a power purchase agreement for a period of 25 years.

About Eden Group

Eden Group Company Limited is an operator of hotels.

About Global Power Synergy Public

Global Power Synergy Public Co Ltd (GPSC), a subsidiary of PTT Global Chemical Public Company Limited, is a power utility that generates and supplies electricity and thermal energy. The company produces energy from natural gas, hydro, and solar sources. It has interests in SSE1, RPCL, GPSC, and CHPP; and under construction, power projects NNEG, IRPC-CP, NL1PC, and XPCL in Thailand and Laos. GPSC also supplies processed water to industrial and residential customers. The company transmits the generated electricity to the Electricity Generating Authority of Thailand and industrial customers in Thailand. It operates in Thailand, Japan, Myanmar, Laos and Hong Kong. GPSC is headquartered in Bangkok, Thailand.

About Marubeni

Marubeni Corp (Marubeni) is an integrated trading and investment business that operates through its domestic and overseas subsidiaries. The company provides various products and commodities such as marine products, chemicals, energy, metals and minerals, machinery, textiles, forest products and general merchandise, and pulp and paper. It also offers finance, logistics, development and construction services. The company explores transports, stores and markets natural resources. Marubeni provides insurance and reinsurance funds, and Japan real estate investment trust management and property management services, and operates transportation infrastructure projects. It has operations across North America, Central and South America, Europe, Africa, Asia and Oceania. Marubeni is headquartered in Tokyo, Japan.

About Mitsui

Mitsui & Co Ltd (Mitsui) is a business conglomerate. It distributes, purchases, markets and supplies wide variety of products in business areas including iron and steel; non-ferrous metals; machinery; electronics; chemicals; energy-related commodities; foods & retail, lifestyle, and consumer service. The company also participates in the other activities such as arranging finance for customers and suppliers in connection with its trading activities, organizing and coordinating international industrial projects, participating in financing, and investing arrangements, assisting in the procurement of raw materials and equipment, providing new technologies and processes for manufacturing and coordinating transportation and marketing of finished goods. It operates in the Americas, EMEA and Asia-Pacific. Mitsui is headquartered in Tokyo, Japan

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This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.