GEP’s Myanmar solar plant ‘ahead of schedule’
Energy firm Scan Inter (SCN) should complete development of its 220-megawatt solar energy plant in Minbu, Myanmar ahead of the original deadline of late next year, said chief executive officer Littee Kitpipit.
Green Earth Power (Thailand) or GEP, in which SCN holds a 40 per cent stake, has revised the plan by developing phases 2, 3 and 4 at the same time.
Under phase 2, generation capacity will be 50 megawatts, increasing by 50MW and 70MW in phases 3 and 4.
GEP completed phase 1 development with 50MW capacity in September last year. The company estimates the plant will generate revenue of Bt2 billion per year once the full 220MW capacity is reached.
GEP (Thailand) owns 100 per cent of GEP (Myanmar), which has been granted a build-operate-transfer concession for the plant by Myanmar.
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