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Myanmar: Myingyan 225 MW Combined Cycle Gas Turbine (CCGT) Power Plant Project

SUMMARY

STATUS
Approved
MEMBER
Myanmar
SECTOR
Energy
E&S CATEGORY
Category A
PROJECT NUMBER
000007

FINANCING

PROJECT TYPE
Cofinanced
APPROVED FUNDING
USD20.0 million
COMMITTED FUNDING
TBD
FINANCING TYPE
Nonsovereign

TIMELINE

CONCEPT REVIEW
August 19, 2016
APPRAISAL REVIEW/FINAL REVIEW
September 7, 2016
FINANCING APPROVAL
September 27, 2016

OBJECTIVE

The project will increase much needed reliable and clean energy to the country’s demand (currently installed power capacity in Myanmar is around 4,700 MW). When completed, the new facility will help to ease the country’s severe power deficit.

DESCRIPTION

The project involves the development, construction, and operation of a greenfield 225 MW Combined Cycle Gas Turbine (CCGT) power plant in the Mandalay region of Myanmar.

PROJECT FINANCING

For more information about project financing, please review the project summary.

ENVIRONMENTAL AND SOCIAL INFORMATION

For the environmental and social aspects of the Project, the Bank has decided to apply IFC’s Performance Standards (PS) on Environmental and Social Sustainability (2012) since they are consistent with the Bank’s Articles of Agreement and materially consistent with the provisions of the Bank’s Environmental and Social Policy and relevant Environmental and Social Standards and the monitoring procedures that IFC have in place to ascertain compliance with IFC’s Performance Standards are appropriate for the Project.

Please review the project summary for additional information.

PROJECT TEAM LEADER

Victor Salgado

Senior Portfolio Management Officer – Loans

victor.salgado@aiib.org

BORROWER

N/A

IMPLEMENTING ENTITY

N/A

PROJECT DOCUMENTS

CLIENT/COFINANCING PARTNER DOCUMENTS

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