Sembcorp Myingyan Power Company Limited (MIGA-12131)

  • Myanmar
Where the impacts of the investment may be experienced.
Specific Location
Myingyan District
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 5, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
SembCorp Utilities Pte. Ltd.</br>Clifford Capital Pte. Ltd.</br>DBS Bank Ltd.</br>Oversea-Chinese Ba
The holder of the loan, grant, or other investment.
  • Construction
  • Energy
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Sep 16, 2019

Disclosed by Bank Nov 19, 2015

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Project Description

This project finances the development, construction, testing, commissioning, operation, and maintenance of a 225-megawatt gas-fired combined cycle power station in the Taung Thar Township in Myingyan District.

Investment Description

This project comprises of equity and shareholder loan investments from Sembcorp Utilities Pte. Ltd., a non-shareholder loan from commercial lenders Clifford Capital Pte. Ltd., DBS Bank Ltd., DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Hong Kong Branch, and Oversea-Chinese Banking Corporation Limited, and associated hedging investments from commercial lenders DBS, DZ BANK Hong Kong and OCBC into a power station in Myanmar. The investors have applied for MIGA guarantees of up to $250.0 million for a period of up to 20 years against the risks of transfer restriction, expropriation, war and civil disturbance, and breach of contract. The power station will be operated on gas supplied by the Myanmar Oil & Gas Enterprise and Myanmar Electric Power Enterprise (MEPE), and produce electricity for off-take by MEPE.

Contact Information

*No contacts available*

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