MANDALAY SOLAR PROJECT


Convalt Energy, a US based renewable energy company and operator, has recently developed a fully permitted 300 MW AC Solar Power Project in the Mandalay Division of Myanmar in South East Asia.

The 300 MW project will be split into two site locations of Nabuaing and Wundwin with 150 MW per location. In each location the 150 MW will be divided into three blocks of 50 MW Solar PV Arrays using the First Solar Series 4 advanced thin film solar PV modules feeding the DC power into the General Electric supplied ProSolar Central Solar Inverters.

The Nabuaing Solar PV Power Plant will interconnect with the grid through a 132 kV double circuit, single conductor transmission line into the existing Myingyan 132 kV substation located in Myingyan, Mandalay Division, which is approximately 27 miles from the Nabuaing site location. The Wundwin Solar PV Power Plant will interconnect with the grid through a 230 kV double circuit, single conductor transmission line into the Thapyawa substation. Thapyawa substation is currently the largest substation in the country and is located approximately 3 miles south of the Wundwin site location. RJE Oceania PTE has been selected for the design, engineering and construction of all transmission lines and substations for the Nabuaing and Wundwin Solar PV Power Plants.

The power generated from the Nabuaing and Wundwin Solar PV Power Plants will contribute the first utility scale solar power to Myanmar, a country with a significant energy supply shortages. The Nabuaing and Wundwin Solar PV Power Plants will also contribute towards the increasing economic development of one of Southeast Asia’s most promising economies. Each 150 MW Solar PV Power Plant is expected to have a total energy generation of close to 300,000 MWh per annum.

Project Overview

Solar Panel

Mandalay Solar Power Project

  • Power Off-taker: Electric Power Generation Enterprise (EPGE) within The Ministry of Electricity and Energy (MOEE)
  • Location: Mandalay Region, Myanmar
  • Nabuaing Surface Area: 1000 Acres
  • Wundwin Surface Area: 850 Acres
  • Commercial Operation Date: 2018
  • Value: $480mm
  • Financial Advisor: ACO Investment Group
  • Legal Advisor: Freshfields (Singapore)
  • Technical Advisor: AECOM and Convalt Energy
  • Lenders Legal Advisor: Latham & Watkins
  • Lenders Engineer: Mott MacDonald
  • Lead Debt Arranger: Cathay United Bank
  • Master EPC: Power China International Group

Financing

Convalt Energy has been in dialogue and communication with all the major development organizations and developmental financing institutions (DFI) such as Asian Development Bank, IFC, OPIC, DEG and Finn Fund.

We have recently mandated Cathay United Bank as the lead arranger for debt.

Debt

Equity

Advisors

Financial Advisor

aco investment group

Legal Advisor

fresh fields

Lenders Legal Advisor

fresh fields

Construction

Master EPC Contractor

first solar

Transmission and Substation EPC

rje smarter engineering

Civil Works Subcontractor

rje smarter engineering

Lenders Engineer

fresh fields

Owner's Engineer

aecom

Inverters and Switchgear

general electric GE ABB

Project Status

The Project is to this date, fully permitted with the following agreements signed:


  • Memorandum of Understanding (MOU) 08/02/2013
  • Memorandum of Agreement (MOA) 28/08/2014
  • Land Lease Agreement (LLA) 08/03/2016
  • Power Purchase Agreement (PPA) 28/03/2016
  • Myanmar Investment Commission Permit (MIC Permit) 11/11/2016
  • Limited Notice To Proceed (LNTP) 28/12/2017
  • Engineering, Procurement and Construction (EPC) 14/02/2018
  • Environmental and Social Impact Assessment Approval Letter 22/03/2018

Project Gallery


Why Solar Power?


Global Interest

This project has global interest given that it's the first major utility-scale Solar Power Plant in Myanmar

Practical Installation

By selecting the best and most responsible EPC´s, this project will will have minimal impacts on nature

Healthy Environment

This project will help reduce negative impact on the environment which otherwise can become costly

Long Term

This Project has an estimated lifespan of 30 years


Multiple Benefits

By providing much needed electricity, this project will enhance economic growth in the country

Efficient Energy

By utilizing Top Tier technology providers, Convalt Energy can ensure that the energy is utilized efficiently

Contact Us


Convalt Energy (Head Quarters)

Convalt Energy Myanmar

If you have any questions regarding the Mandalay Solar Project or Convalt Energy, please email to info@convalt.com.