Deal #10799

Myanmar
Created at
2024-10-13
Last update
2024-12-09
Last full update
2024-12-09

Land area

Intended size
59.81 ha
Size under contract (leased or purchased area)
  • [2024-12, current] 59.81 ha
Size in operation (production)
  • [2024-12, current] 59.81 ha
Comment on land area
According to the EMP, the project proponent acquired 148.8 acres of land for the project i.e. 59.81 ha

Intention of investment

Intention of investment
  • [current] Solar park (59.81 ha)

Carbon offset project

Carbon offset project
Yes
Comment on carbon offset project
According to the VCS Validation Report of Verra Registry: The project is expected to generate an average annual net electricity supply to the grid of 63,779.85 MWh, displacing fossil fuel-fired power generation and leading to a reduction in CO2 emissions. The estimated annual emission reduction is 23,014 tCO2e.

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Myanmar Satoketayar Solar Power Co., Ltd., acquired a total of 148.8 acres (59.81 hectares) of land for the project through a long-term lease agreement (LLA) with the landowner, Super One Holdings Company Limited.

Negotiation status

Negotiation status
  • [2023-05, current] Concluded (Change of ownership)
Comment on negotiation status
The EMP confirms completion of land acquisition.

Implementation status

Implementation status
  • [current] In operation (production)

Leasing fees

Comment on leasing fee
No information found