On October 6, 2016, Infra Capital Myanmar (ICM) organized a workshop entitled “Wind Resource Assessment and Methodology for Wind Power Project Development in Myanmar” in collaboration with the Ministry of Electricity and Energy (MOEE) in Nay Pyi Taw. This seminar was supported by the Private Infrastructure Development Group’s Technical Assistance Facility and co-funded by the UK’s Department For International Development (UK DFID). The session was led by the ICM team with the goal of building government capacity in wind energy and facilitating the development of wind projects in Myanmar.
The seminar was opened with a welcome speech from U Khin Maung Win, Managing Director of the Electricity Power Generation Enterprise who warmly thanked the UK DFID for supporting the seminar and confirmed the importance of sharing knowledge about wind power for the future diversification of electricity generation in Myanmar. It was followed by a welcoming speech from ICM’s country director, Ms Christa Avery, that explained ICM’s role in attracting private sector investment for sustainable energy projects. The ministry was well represented with around 30 participants from different departments in attendance.
For the occasion, ICM invited experienced international experts to present and explain the technical, legal and financial feasibility of developing wind projects in Myanmar, with the aim of building MOEE’s capacity to better understand the wind resource potential of Myanmar, as part of a more holistic energy mix.
Mr. Stephen Chapman from Berwin Leighton Paisner presented the policy and regulatory frameworks that will help foster wind projects in Myanmar. Mr. Marcus Teo from ICM described several mechanisms to finance renewable energy and finally Mr. Eric Schumway presented an overview of the program sponsored by USTDA that aims to assess the grid impact of renewable energy in Central Myanmar.
These presentations occasioned robust exchanges between the audience and the speakers during Q&A sessions. Grid impact, tariff reform and other challenges for implementing renewable energy faced by the new government were discussed. The speakers engaged with similar regional case studies but agreed that more similar exchanges of information are needed to overcome the challenge of renewable energy development in Myanmar.
About InfraCo Asia and ICM
ICM is responsible, on behalf of InfraCo Asia www.infracoasia.com for project origination, pre-financial close project development, EPC management and financial structuring activities in Myanmar.
InfraCo Asia is a company of the Private Infrastructure Development Group www.pidg.org a coalition of donors mobilising private sector investment to assist developing countries attain infrastructure vital to boosting their economic growth and combating poverty. InfraCo Asia is currently funded by three PIDG members – Australian Department of Foreign Affairs and Trade (DFAT), the Swiss State Secretariat for Economic Affairs (SECO), and the UK Department for International Development (UKAid).
Under the InfraCo Asia Developer Services program ICM undertakes early stage, high-risk infrastructure development activities. InfraCo Asia takes an equity stake in socially responsible and commercially viable infrastructure projects, playing a vital role in attracting private sector investment.