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Project Insights

Myanmar awards LNG-to-power projects amid tight deadline

The H1 2020 date set for VPower Group to bring the facilities online seems unrealistic, with the deadline having scared away more-established bidders The H1 2020 date set for VPower Group to bring the facilities online seems unrealistic, with the deadline having scared away more-established bidders.
By Damon Evans 17 October 2019 Asia Pacific / Pipelines, Storage & Power 0 34694
The Thaketa combined-cycle power plant in Myanmar's Yangon region. (PA)

Myanmar has awarded three fast-track LNG-to-power projects to Hong Kong-listed VPower Group in a desperate attempt to avert a power supply crunch before elections in late 2020. But the government-stipulated seven-month timeline to complete the schemes seems overly ambitious, especially for a relatively unknown developer with no previous LNG experience.

VPower and its local partner Zeya & Associates said on 9 October that they had won three power projects with a total capacity of 900 MW that will use imported LNG. VPower will...