Sembcorp Industries announced it has signed a long-term power purchase agreement (PPA) with Myanma Electric Power Enterprise (MEPE) for the supply of 225 megawatts of power for a period of 22 years.
The power to be supplied will be produced by Sembcorp’s upcoming power project in Myingyan, Mandalay.
The PPA is part of Myanmar’s Ministry of Electric Power (MOEP) build-own-transfer agreement for the project.
The signing of the agreement is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the current financial year.
Sembcorp shares closed at $2.98 on Tuesday.
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The power to be supplied will be produced by Sembcorp’s upcoming power project in Myingyan, Mandalay.
The PPA is part of Myanmar’s Ministry of Electric Power (MOEP) build-own-transfer agreement for the project.
The signing of the agreement is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the current financial year.
Sembcorp shares closed at $2.98 on Tuesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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