ABOUT THE 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.

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nabuating project site

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wundwin project site

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memorandum of agreement

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land lease agreement

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power purchase agreement

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myanmar Investment commission permit

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engineering procurement and construction

Project Overview

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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: 1,000 Acres

Wundwin Surface Area: 850 Acres

Commercial Operation Date: 2022

Value: $200 million USD

Financial Advisor: ACO Investment Group

Legal Advisor: Freshfields (Singapore)

Technical Advisor: Convalt Energy

Lenders Legal Advisor: Latham & Watkins

Lenders Engineer: Mott MacDonald

Lead Debt Arranger: Mizuho Bank

Master EPC: Convalt Energy

Project Status

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

Memorandum of Understanding (MOU)

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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

Environment and Social Impact Assessment Approval Letter

22/03/2018

Why Solar Power?

Global Interest

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

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Practical Installation

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

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Healthy Environment

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

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Long Term

This project has an estimated lifespan of 30 years.

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Multiple Benefits

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

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Efficient Energy

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

Convalt Energy (Head Quarters)

Address:

1185 Avenue of the Americas, 3rd Floor New York,
NY 10036 USA

Convalt Energy Myanmar

Address:

Penthouse (PH-02), Pearl Condo Building (F),
Sayar San Road, Bahan Township,
Yangon, Myanmar

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