Jul 6, 2021

Solar project tender - best opportunity for investment in Myanmar! (UPDATE)

Five Chinese firms: Union Resources & Engineering, State Grid Corporation of China, Huaneng Lancang River Hydropower Inc, China CAME Engineering, Power China Hydropower Development Group, and four Thai firms: Pro Engineering Co, SS Alliance, PCS Machine Group and Future Energy, have expressed interest in the project.

Among the local companies planning to bid are Myanmar Thilawa SEZ Holdings, a listed firm on the Yangon Stock Exchange, IGE Power Co, Creation Myanmar Group of Companies, which operate the Orange supermarket chain, and Ayeyar Hinthar Holdings, an agricultural firm which also owns Victoria Hospital.

Other companies interested include the Malaysian-owned Muhibbah Myanmar, RJE Myanmar, an Australian-owned engineering and construction company, hydropower companies and international firms.