MPSC Awarded Rehabilitation and Upgrade Project of Tharkayta Combined Cycle Power Station by Electric Power Generation Enterprise (Myanmar)

2017.11.01

Marubeni Power Systems Corporation (President: Ken Muroie, “MPSC”) has been awarded the Rehabilitation and Upgrade Project of Tharkayta Combined Cycle Power Station (“Project”) from Electric Power Generation Enterprise (“EPGE”), and signed the contract on October 31, 2017. The capacity of the power station will be increased to 66 MW after the rehabilitation and have an EPC contract value of approximately 2.5 billion Japanese yen. This is the first power plant project financed by Japanese Yen Credit after the change of the Myanmar government in April 2016.

Tharkayta Combined Cycle Power Station (current output: approx. 24MW) is located in the Tharkayta area in Yangon, and this project is to rehabilitate the station’s Gas Turbines and Gas Turbine Generators by uprating their capacity and efficiency. The scope of MPSC includes engineering, procurement, erection work and commissioning, and the rehabilitation is expected to be completed in October 2019. The parts for the Gas Turbines will be supplied by General Electric International, Inc. and GE Global Parts & Products GmbH, and the parts for the Gas Turbine Generator will be supplied by Mitsubishi Hitachi Power Systems, Ltd.

Tharkayta Combined Cycle Power Station was originally constructed by Marubeni Corporation (“Marubeni”) in 1990 as a Gas Simple Cycle Power Station with only three Gas Turbines. In 1997, Marubeni was contracted an add-on project to convert Tharkayta Power Station into a Combined Cycle Power Station by adding three Heat Recovery Steam Generators, one Steam Turbine and one Steam Turbine Generator. This contract is to rehabilitate the Gas Turbines and Gas Turbine Generators by introducing new technology, ensuring higher output (the output from Gas Turbines only after rehabilitation: approx. 66MW).

Capitalizing on our extensive experience in power plant construction projects, MPSC, together with Marubeni, will continue to seek opportunities to contribute to a stable power supply in Myanmar.


<Summary of EPGE>
Company Name : Electricity Power Generation Enterprise
Foundation: April, 2016
Representative: Mr. Khin Maung Win
Company History: Under the Myanmar government newly organized in April 2016, the Ministry of Electric Power and Ministry of Energy were merged into the Ministry of Electricity and Energy (“MOEE”). EPGE was established under MOEE.

<Project Summary>
Project Name: Rehabilitation and Upgrade Project of Tharkayta Power Plant
Client: EPGE
Fund: Japanese Yen Credit
Type of Power Plant: Turn-key of rehabilitation work for gas simple cycle power plant (Gas Turbine x 3, Gas Turbine Generator x 3, output after rehabilitation: approx. 66MW)
Contract Price: Approximately 2.5 billion Japanese yen
Construction Site: Tharkayta area, Yangon

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