Myanmar keyword: Power Purchase Agreement
On 24 May 2021, the Electric Power Generation Enterprise (“EPGE”) under the Ministry of Electricity and Energy of Myanmar (“MOEE”) launched its second solar tender (Tender No. EPGE PV 02/ 2021-2022) in the same fashion as it did its first ever solar tender (Tender No. EPGE PV 01/ 2019-2020) in last year. The new tender […]
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 […]
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”).
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 […]
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 […]
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 […]
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.