Two new 150 MW solar PV power plants are now set to be developed in the nation of Burma thanks to a new deal between a US-based investment group and authorities in the country.
The exacts of the deal were signed into agreement by ACO Investment Group and the Burma Ministry of Electric Power — and will see the country’s Mandalay region receive its first large-scale solar PV energy development.
Altogether, the development of the two plants is expected to result in the creation of over 400 temporary construction jobs, and roughly 100 new permanent jobs at the sites.
United States Trade Representative, Michael Froman, stated: “Efforts like these support the ambitious definition of development that is at the heart of President Obama’s trade agenda. By promoting trade and investment, we are unlocking even more opportunities for workers and businesses in both countries that promote not only higher incomes at home and around the world, but also driving sustainable development. We’re doing this because we know that trade works best when its benefits are broadly shared.”
Once completed, the projects will make up a rather significant portion of the country’s total electricity generation capacity — an estimated 10-12%. The approximately $480-million-dollar project is currently expected to be completed sometime in 2016.
After the two power plants are completed, they will support the region’s notable manufacturing infrastructure — supplying the Myotha Industrial Zone with electricity.
The solar power plants will serve as a good complement to the country’s hydroelectric plants — with one reaching max production in exactly the season that the other one sees a decline in.
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