PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600181

Primary Business Area

Public-Private Partnerships Transaction Advisory

Disclosure Date

May 5, 2014

Country

Myanmar

Region

East Asia and the Pacific

IFC Approval Date

Mar 9, 2014

Status

Completed

Estimated Total Budget

$1,885,109.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2015

Project Description

IFC will provide transaction advisory support to the Government of Myanmar through its Ministry of Electric Power ('MOEP') to select, through a competitive tender, an Independent Power Producer ('IPP') that will implement a combined cycle power plant on build-own-operate-transfer basis. The IPP will enter into a long-term Power Purchase Agreement ('PPA') with MOEP. IFC will conduct its mandate in two phases. In phase one, IFC will carry out due diligence for the Project and will assist the MOEP to short-list interested investors. A model PPA will also be drafted during this phase. Phase two of the Project will commence when the client adopts the model PPA. In this phase, IFC will assist the client in the implementation of an open and transparent competitive bid to award and execute the PPA.

Development Results

E&S Risks / Impacts and Mitigation