A local report published on 17th July noted that a signing ceremony for a power purchase agreement between the Ministry of Electricity and Energy (MOEE) and Great Hor Kham Public Co., Ltd was held in Nay Pyi Taw on 5th July. Under a build–operate–transfer (BOT) system, Great Hor Kham will be building a hydro power plant on the Nam Paw Creek, which is about six miles south from Muse in Northern Shan State. The company will build the plant using its own financial resources and sell the electricity to the Ministry. U Win Khaing, Union Minister of the Ministry of Electricity and Energy was quoted as saying by a local report that “this is a purchasing agreement to meet demand, since Myanmar can only generate around 3,300 megawatts during the summer months when water resources are lower. We are also implementing three Liquid Natural Gas (LNG) power plants as soon as possible to further help meet demand.’’ Myanmar is typically required to purchase electricity from neighboring countries during the summer months. When the Nam Paw Hydro Power Plant is complete in December 2020, it can generate up to 82.32 million kWh annually to supply electricity to nearby villages as well as to the national power grid. The project is expected to create 500 job opportunities to local residents and engineers as well.
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Unit price of POWER PURCHASE AGREEMENT ?