UE Won a 30MW Solar Power Plant Tender in Myanmar

On October 6, 2020, as one of the successful bidders of Myanmar's 1GW solar power plant tender, UE’s consortium with local investor signs a 20-year Power Purchase Agreement with Electric Power Generation Enterprise (EPGE) of the Ministry of Electricity and Energy of Myanmar at the tariff rate of 3.95 UScents/kWh. The photovoltaic power project has an installed capacity of 30MW and is located in the Tharzi Township Mandalay Region of Myanmar. The project is planned to be connected to the Thapyaywa substation. And UE will provide engineering and procurement services for this project. The success in this tender marks UEs opening up a new investment destination.