Myingyan Natural Gas Power Project (ADB-48368-001)

Countries
  • Myanmar
Geographic location where the impacts of the investment may be experienced.
Specific Location
Myingyan
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 8, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Myingyan Project Company
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Potential Rights Impacts
  • Healthy Environment
  • Labor & Livelihood
Only for projects receiving a detailed analysis, a broad category of human and environmental rights and frequently at-risk populations.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 152.20 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 304.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Community Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 25, 2020

Disclosed by Bank Apr 28, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project is a build–operate–transfer (BOT), PPP transaction for a combined-cycle, natural gas power plant with a net capacity of 225 MW to be located in Myingyan, approximately 500 kilometers (km) north of Yangon and 90 km west of Mandalay. The project has two phases: (i) constructing a 143 MW single-cycle gas turbine; and (ii) upgrading the turbine to a 225 MW combined-cycle plant, following the completion of a steam turbine. The project company will enter into a PPA with Myanma Electric Power Enterprise (MEPE), a state-owned utility, and a BOT agreement with MOEP. Myanmar Oil and Gas Enterprise (MOGE) will enter into a gas supply agreement (GSA) with MEPE to supply natural gas for use at the Myingyan power plant. MEPE will pay the value of the gas delivered directly to MOGE. The project will construct associated facilities, such as (i) transmission facilities, including a 3 km transmission line to connect the power plant to the nearby Myingyan 230 kV substation, which dispatches power to the grid; and (ii) a 14 km water supply line from the river intake to the power plant. MEPE will build a 1 km gas pipeline to the existing pipeline.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

This project is co-financed by the Asian Infrastructure Investment Bank ($20 million), International Finance Corporation (IFC) ($40 million).

The borrower of the project will be a newly created, special-purpose project company in Myanmar. It will be 80% owned by SCU, a leading developer, owner, and operator of energy and water assets globally, and a wholly owned subsidiary of Sembcorp Industries Pte. Ltd. (SCI); and 20% by MMID Utilities Pte. Ltd. (MMID), a Singaporean company established to partner with SCU in this project (together with SCU, the sponsors).

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - SembCorp Utilities Pte Ltd Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main

How it works

How it works