myanmar renewable energy policy

According to President’s Office Directive 1/2017 (Tender Directive) all projects in excess of MMK 10 million must be tendered.In practice, almost all projects in Myanmar thus far have been the conclusion of government-to-government negotiations or originated in the form of unsolicited proposals by private companies. Several additional projects are in various stages of discussion and documentation and, if realised, could contribute an additional 1.3 GW of solar capacity. Myanmar does not operate a net metering scheme.Foreign investors can own up to 100 per cent of the equity in renewable projects.There are no restrictions on equity transfer in Myanmar law, however such restrictions are usually stipulated in the power purchase agreement or concession agreement. Now is not the time to guess what the law requires or to be unprepared.In its July 2020 Digital Trust Report, AustCyber estimated that a four week disruption to digital infrastructure caused by a major cyber attack would cost the Australian economy $30 billion (1.5% of GDP) and 163,000 lost jobs. There is no specific legal framework for renewable energy in Myanmar. In the short- to medium-term, off-grid solar home systems and mini-grid solar / solar/hybrid projects aim to connect households in remote locations where the costs of grid access are prohibitively expensive.The Asian Development Bank estimates Myanmar’s potential solar resource at 27 GW.

The 8 th International Electric Power and Renewable Energy Exhibition Co-located with: The 8 th International Building and Construction Exhibition; The 8 th International Mining and Minerals Recovery Exhibition; Date & Time: 20-22 October 2021 (09.00-17.00 Hrs) Venue: Myanmar Expo (ME), Yangon, Myanmar. At the time of writing, the Project Bank website is not yet live.

We set out below a description of the departments, enterprises and corporations under the MOEE’s purview relating to the electricity branchThe Electricity Law (the 2014 Pyidaungsu Hluttaw Law No.44) was enacted in 2014 (Electricity Law).

We understand that this model form has similarities to the form of PPA used for the Myingyan project.There are no other model renewable PPAs in Myanmar at present.Direct PPAs which are not synchronously interconnected to the national grid have been negotiated and entered for private offtake. Typically, the method of dispute resolution is determined on a project-by-project basis.

Therefore domestic hydropower sponsors have accepted PPAs which include Myanmar kyat payments, due to the limited need for international finance.In July 2019, the Government of Myanmar has raised the electricity tariffs charged to end-consumers in an effort to accelerate and strengthen the pipeline of power projects by reducing the necessity to subsidize the market. Similar to other PPAs in the region, EPGE is not obliged to take the plant and pay compensation if the PPA terminates because of project company default. In some projects, the PPA may be accompanied by other government facing project agreements such as a build, operate, transfer (BOT) agreement or a concession agreement.Traditionally, Myanmar has not used a standard form PPA. The treatment of change in tax varies from PPA to PPA. The plan anticipates that the share of solar and wind in the total energy mix by 2030 will be around 1.2 per cent. Similarly, in December 2018, the MOEE signed an agreement with a developer to carry out feasibility studies for several wind power projects.

We expect sovereign guarantees to be issued for large critical infrastructure projects in the future, although specific criteria have not yet been established. Existing PPAs vary in sophistication, with some more comprehensive than others.The PPA for the Myingyan project, which was executed in 2016, was drafted with the assistance of International Finance Corporation and other international transaction advisers to the Myanmar Electric Power Enterprise (now EPGE). To entice foreign investors, power purchase prices under IPP PPAs could not reflect actual consumer retail tariff rates collected by the relevant electricity supply corporations.

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