Sembcorp Industries has commenced full commercial production at its $300m, 225MW gas-fired Sembcorp Myingyan Independent Power Plant (IPP) in Mandalay, Myanmar.
The first phase of the power plant began operations in May 2018.
The Sembcorp Myingyan power plant utilizes features combined-cycle gas turbine technology, which maximizes power output while reducing emissions.
By 2022, the company intends to reduce carbon emission by 25% under its sustainability commitment.
The facility will generate 1,500GWh of power for supply to Myanmar’s Electric Power Generation Enterprise (EPGE) to help meet the power needs of 5.3 million people.
Sembcorp group president and CEO Neil McGregor said: “Sembcorp is honoured to invest in Myanmar’s future and to help support its economic development through the provision of critical infrastructure.
“As an established name in energy, urban and marine solutions in Asia and beyond, we have worked with our partners and brought to this project our proven expertise in gas and power, and our international track record in delivery.
“It is our hope Sembcorp Myingyan IPP will serve Myanmar for decades to come, providing power to support the country’s continued development, and thereby enhancing living standards there.”
Earlier, Sembcorp Myingyan Power signed a long-term power purchase agreement and a build-operate-transfer agreement with Myanmar’s Ministry of Electricity and Energy to build and operate the power plant for 22 years, after which the facility will be transferred to the Myanmar government.
ADB, Asian Infrastructure Investment Bank, Clifford Capital, DBS Bank, DZ Bank, IFC and Oversea-Chinese Banking Corporation helped Sembcorp fund the project.
Sembcorp Myingyan Power managing director Dennis Foo said: “Our Sembcorp Myingyan IPP was completed with an uncompromising focus on health, safety, security and the environment.
“To date, the project has achieved over 8.7 million safe man-hours without any lost time injury, reflecting our commitment to support Myanmar’s development in a responsible and sustainable manner.”
Utilities, marine and urban development group Sembcorp Industries is present across five continents.