Deal #3799 Version 63753 Version 63755
Comment on investment chain
Yunnan United Power Development Co., Ltd. was established in August 2006, jointly invested by Huaneng Langcang River Hydropower Co., Ltd. (50%), Yunnan Hexing Investment and Development Co., Ltd. (34%) and Yunnan Union Resources & Engineering Co. Ltd. (16%). On May 22, 2007, Yunnan United Power Development Co., Ltd. and Myanmar Ministry of Electric Power jointly established Shweli I Hydropower Co., with Yunnan United Power Development Co., Ltd. holding 80% of the shares, while the Myanmar Ministry of Electric Power holding 20% of the shares. With the approval of the Myanmar government, Shweli I Hydropower Plant was developed in BOT (build-operation-transfer) manner. In accordance with the Joint Venture Agreement, Myanmar can use 15% of the electricity generated from the power station for free. The validity of the franchise right is 40 years.
Fully updated
No
Yes

Data source #XwjXnuDV

File
Type
Media report
Url
Keep PDF not public
No
Publication title
Yunnan United Power Development Co., Ltd.
Date
2021
Comment on data source
This article provided information added on Contracts under Duration of the agreement (in years) and Comment on contract, added Investor info under Comment on investment chain.

Contract #-MsCCm51

Duration of the agreement
40 years
Comment on contract
On May 22, 2007, Yunnan United Power Development Co., Ltd. and Myanmar Ministry of Electric Power jointly established Shweli I Hydropower Co., with Yunnan United Power Development Co., Ltd. holding 80% of the shares, while the Myanmar Ministry of Electric Power holding 20% of the shares. With the approval of the Myanmar government, Shweli I Hydropower Plant was developed in BOT (build-operation-transfer) manner. In accordance with the Joint Venture Agreement, Myanmar can use 15% of the electricity generated from the power station for free. The validity of the franchise right is 40 years.