APPROVAL DATE: Sep. 27, 2016 SECTOR: Energy REGION: Myanmar
Myanmar: Myingyan Power Plant Project
AIIB is considering providing US$20 million of debt financing for the development, construction, and operation of a Greenfield 225 MW Combined Cycle Gas Turbine (CCGT) power plant in the Mandalay region of Myanmar ("the Project").
The 225 MW power plant will be the largest Gas-Fired Independent Power Producer (IPP) in Myanmar increasing much needed reliable and clean energy to the country's demand (currently installed power capacity in Myanmar is approximately 4,700 MW). When completed, the new facility will help to ease the country's severe power deficit.