1. Contract #-MsCCm51
Date
2008-05-12
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.