Myanmar keyword: Power Purchase Agreement

April 29, 2020

As with all sectors of the economy, the infrastructure sector in Myanmar will likely be significantly impacted by the current COVID-19 outbreak. Although there is no nationwide mandated shutdown, delays in construction projects are expected nonetheless. Highlights of this note Force majeure provisions in Myanmar PPAs Entitlements for contractors under construction contracts When to claim […]

February 29, 2020

After decades of highly controversial land acquisitions for public purposes, Myanmar turns a new page by passing the Land Acquisition, Resettlement, and Rehabilitation Law 2019 (Law no. 24/2019, referred to herein as the “LARR 2019”).

October 31, 2018

Myanmar is undertaking a series of reforms, both in terms of laws and policies, that strengthen the country’s attractiveness for energy and infrastructure projects. Many of these reforms, although they are crucial, are not widely known outside of Myanmar. Highlights of this note Major Projects in the Pipeline Reform of the Project Procurement Process: the […]

October 2, 2017

On September 13th, VDB Loi participated in the 5th Euromoney Myanmar Global Investment Forum in Nay Pyi Taw. Edwin Vanderbruggen was featured as the keynote speaker on the electricity panel, which addressed a number of concerns among the business community in this rapidly expanding sector. Amongst investors’ questions were which power sources are the most viable […]

September 27, 2017

One of the many challenges facing private investors in public infrastructure in Myanmar is, increasingly, the currency issue. The Myanmar Kyat (MMK) has been in a slow but steady decline against the US$ since 2014. Highlights More pressure to accept MMK tariffs Tariff entirely in MMK Tariff in US$ but payable in MMK Tariff in […]

September 15, 2017

As Myanmar increasingly liberalizes, decentralizes and opens its power sector to foreign investment, foreign IPPs are faced with a legal and regulatory framework that is in full transition.