The primary focus of the company's vision lies in establishing a Oil Storage Tank, Industrial Zones and Seaports.
The Asia Pacific Group will collaborate with investors to assume the role of Project Developer within the newly established Special Economic Zone/Industrial Zones. Their responsibility will encompass strategizing and supervising the development of this vital project, as well as providing infrastructure crucial to its success in a key geographical location.
Our company, Power Asia Pacific, signed Agreement with Power China (a state-owned organization of China) since August 2023, to collaborate on the establishment of a National Grid Corporation in Myanmar. This partnership involves the Ministry of Electricity and Energy, which will hold a 60% stake after the assessment of existing assets in Myanmar. Power China and Power Asia Pacific will jointly invest in the remaining 40% share. The estimated value of this project amounts to USD 20 billion.
Currently, we are implemeting 10 to 12MW solar power generation systems in Kaw Thaung. We will be expanding our sustainable power generation capacity by an additional 10MW. We are also in the process of installing another 30 MW solar power near Nay Pyi Taw with our own finance. Moreover, discussions are underway with the ministry regarding the installation of transmission line projects across Myanmar.
Over a 15-year period, the project will unfold in three phases, covering regions across two neighbouring areas: the western coastline of Myanmar (Burma) along the Bay of Bengal.
Investor relationships within the Asia Pacific Group can be strategically established in tax-efficient jurisdictions with robust legal frameworks, such as Myanmar Investment Law, which meets international standards.
The initial phases of the project include:
An estimated sum ranging from USD 8 billion to USD 26 billion will be sourced from both private and public channels to finance the design and construction of infrastructure for each project phase.
The site developer/user will finance all land acquisition and construction activities on their respective site. Currently, we have secured over 4000+ acres of land both on the seashore and in close proximity to it at the project site.
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