The Ahlone Power Expansion Project is 388MW gas fired power project. It is planned in Yangon, Myanmar. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in June 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 388 | – | 388 | Permitting | Yangon, Myanmar | Inpex; Shikoku Electric Power; Sojitz; TTCL Power Myanmar; TTCL Public |
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Description
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The project is being developed by Inpex, Shikoku Electric Power, Sojitz, TTCL Power Myanmar and TTCL Public. Italian-Thai Development and Toyo Engineering are currently owning the project having ownership stake of 51% and 49% respectively.
It is a combined cycle gas turbine (ccgt) power plant.
The project cost is expected to be around $626.37m.
The Gas fired project consists of 2 gas turbines, each with 128.5MW nameplate capacity.
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By GlobalDataThe Gas fired project consists of 1 steam turbine with 131MW nameplate capacity.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by June 2024.
Power Purchase Agreement
The power generated from the project will be sold to Myanmar Electric Power Enterprise under a power purchase agreement for a period of 25 years. The offtake capacity is expected to be 365MW.
Contractors Involved
TTCL Power Myanmar is expected to perform operations and maintenance for thermal power project.
About Inpex
Inpex Corp (Inpex) is an integrated energy company. It explores for, develops and produces oil and natural gas from its assets in domestic and international regions. The company markets crude oil, condensate, natural gas, and LNG. It has working interest in various upstream projects in Asia and Oceania, Eurasia, the Middle East and Africa, and Americas. The company owns and operates liquefied natural gas (LNG) terminal and natural gas pipeline in Japan. Inpex also focuses on renewable energy through geothermal and solar power generation. The company offers investments and lending services to other oil and gas companies. Inpex is headquartered in Minato-Ku, Tokyo, Japan.
About Shikoku Electric Power
Shikoku Electric Power Co Inc (Yonden) is an electric utility. It generates electricity, transmits and distributes that on retail and wholesale basis. The company produces power using the heavy oil, coke oven gas, LNG, woody biomass, crude oil, coal, nuclear, wind, hydro and solar sources. Yonden also carries out the construction and engineering related activities for civil and power supply related facilities; cable TV broadcasting and telecommunication activities; sale and engineering of electric hot water heaters and air-conditioning systems and electric appliances; and real estate activities. It serves residential, commercial and industrial customers in Tokushima, Kochi, Ehime and Kagawa prefectures of Shikoku. Yonden is headquartered in Takamatsu, Kagawa, Japan.
About Sojitz
Sojitz Corp (Sojitz) is an integrated global trading and investment group. The company has interest in a wide range of businesses worldwide, including buying, selling, importing and exporting goods, manufacturing and selling products and planning and coordinating projects. The company also invests in various sectors, conducts financing activities and provides logistics and insurance services. It operates in a broad range of sectors, including automobiles, agricultural and forestry resources, chemicals, consumer goods, energy, foodstuff resources, industrial parks, mineral resources and plants. The company has operations in the Americas, Europe, the Middle East, Africa, Asia and Oceania. Sojitz is headquartered in Tokyo, Japan.
About TTCL Public
TTCL Public Co Ltd (TTCL), a Joint Venture between Italian-Thai Development PCL and Toyo Engineering Corp, is a provider of engineering and construction services. The company offers integrated engineering, procurement and construction (EPC) services, plant construction and procurement of machinery and equipment. The company also invests in natural gas-fired power plants and solar power plants including, Siam Solar Power Co., Ltd., and Siam GNE Solar Energy Co., Ltd. TTCL also offers pre-feasibility study, conceptual study and detailed feasibility study services for several projects. TTCL serves several industries including petroleum, petrochemical, chemical, oil and gas, fertilizer, and power. The company has operations in Vietnam, Thailand, Malaysia, Myanmar, Singapore, Philippines, Qatar and the US. TTCL is headquartered in Bangkok, Thailand.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
