Turk­ish pow­er­ship sets sail

The Myanmar Times - - Business - Aung­shin@mm­times.com AUNG SHIN

A TURK­ISH-BUILT float­ing power plant ca­pa­ble of gen­er­at­ing 470 megawatts will cross the seas to Myan­mar next year to help beat black­outs in the Yan­gon re­gion.

The Ka­rad­eniz Pow­er­ship Onur Sul­tan was launched in Is­tan­bul on Novem­ber 13. Ka­rad­eniz Hold­ing of­fi­cials said the ves­sel – which they called the “world’s largest float­ing power plant” – will ar­rive in Yan­gon by April 2017.

Ka­rad­eniz Hold­ing sub­sidiary Kar­pow­er­ship was awarded a con­tract by the Myan­mar Elec­tric Power Gen­er­a­tion En­ter­prise (EPGE) un­der the Min­istry of Elec­tric­ity and En­ergy.

The firm bid for a gov­ern­ment ten­der to sup­ply 300MW of power to Yan­gon, which was is­sued in July. The en­ergy min­istry an­nounced in Oc­to­ber that a con­sor­tium con­sist­ing of lo­cal com­pa­nies Na­tional In­fra­struc­ture Hold­ings and MCM Pa­cific, and US com­pa­nies APR En­ergy and Ace Re­sources Group, were awarded the con­tract.

But the EPGE is now also in­tend­ing to en­list Kar­pow­er­ship to help power Yan­gon.

Man­ag­ing director of EPGE U Khin Maung Win told The Myan­mar Times, “Firstly we es­ti­mated elec­tric­ity de­mand of Yan­gon in hot sea­son as 300MW. But [de­mand] will be about 450MW. So we have signed a Let­ter of Ac­cep­tance with both com­pa­nies – the US con­sor­tium and Kar­pow­er­ship – to sup­ply 300MW each.”

U Khin Maung said the con­tracts of both com­pa­nies will be five years and gen­er­ated elec­tric­ity will be trans­mit­ted into the na­tional grid to dis­trib­ute in the Yan­gon area and other parts of the coun­try if nec­es­sary.

He said draft con­tracts have been sub­mit­ted to au­thor­i­ties such as the At­tor­ney Gen­eral’s Of­fice.

“Some of them have al­ready replied. Later we will sub­mit it again to cabi­net and we are ex­pect­ing to sign a Power Pur­chas­ing Agree­ment in De­cem­ber.”

The con­sor­tium led by US com­pa­nies will build a land-based power plant in Ahlone township and Kar­pow­er­ship will be based in Than­lyin.

Zeynep Harezi of Ka­rad­eniz Hold­ing called the re­cent ten­der process “very com­pet­i­tive”.

“We of­fered the low­est price, around US11 cents per KWh,” she said.

The elec­tric­ity de­mand in the Yan­gon area is ris­ing fast – from 1050MW in 2015 to 1250MW so far in 2016 ac­cord­ing to Yan­gon Elec­tric­ity Sup­ply Cor­po­ra­tion.

Turkey-based Ka­rad­eniz Hold­ing is cur­rently op­er­at­ing 13 pow­er­ships with in­stalled ca­pac­ity of 2700MW sup­ply­ing elec­tric­ity to Africa, the Mid­dle East and South­east Asia. The com­pany plans to build 14 more pow­er­ships by the end of 2017.

Photo: Aung Shin

The Ka­rad­eniz Pow­er­ship Onur Sul­tan sits docked in Is­tan­bul.

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