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News and information

Chinese photovoltaic companies have led the way in bidding for solar projects in Myanmar

Release time : 2022-04-20 Reading quantity : 567

The tender for the solar project in Myanmar called for quick delivery and sparked a land deal boom. Chinese companies "swept the board" in winning 29 of the 30 projects. Sunshine power supply, state power, Longji "beach", the land will become a greater worry.

On September 9th bids were opened for a 1,060-megawatt solar power project in Myanmar. Sungrow Power Supply Co., Ltd. (hereinafter referred to as the sunlight Power), China mechanical equipment engineering Co., Ltd. (hereinafter referred to as CMEC), the state Power investment group Co., Ltd. (hereinafter referred to as the national electric cast), China gezhouba group Co., Ltd. (hereinafter referred to as the gezhouba) and xi 'an longji clean energy Co., Ltd. (hereinafter referred to as xi 'an longji) and so on several companies appeared again and again in the name of the winning list.

Chinese companies won 29 of the 30 projects. In all enterprises that have passed the technical standards, price has become the main determinant. Among them, sunshine power won 9 projects and CMEC won 8 projects. ShweTaungGroup and KhaingLonGems, two of myanmar's leading companies, have also worked with Chinese partners.

The winning price ranged from 3.48 cents to 5.1 cents per KWH, well below myanmar's average power supply cost (8.1 cents per KWH at the start of 2018).

The ministry of Power and Energy has begun negotiations for a PowerPurchaseAgreement, or PPA, with the top bidders for each project, and will issue a notification of winning bids in early October, according to the tender schedule.

PPA shall be signed within 150 days from the date of issue of the bid-winning notice. But the tender rules also stipulate that if the ministry of Electricity and Energy cannot strike a deal with the top bidder within 15 days, it will negotiate with the second bidder.

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