MEB 3 February 2022

Issue 332| 3 February 2022
NEWS
PROJECTS
Myanmar Energy Brief TENDERS
COMPANIES
DATA
Market Updates
 Fitch expects TotalEnergies, Chevron withdrawal to strain gas power market

Myanmar’s gas power sector is now projected to shrink 9% y-o-y in 2022, with
generation to recover to 2020 levels toward the end of the decade
 World Bank projects 1% growth in 2022

Reduced earnings for energy SOEs due to falling gas export revenues and
Company of the Week power bill boycotts are expected to significantly impact the public budget
PTTEP announces surveys

 US, UK, Canada impose sanctions on 1 February anniversary
for pipeline to supply gas
The sanctions primarily target individuals within the military-appointed
power project
judiciary, those involved in election planning, and arms suppliers
 PTTEP conducting survey work for new pipeline

 CBM sells $150m to fuel oil sector
 PTTEP gives operational updates in Q4 earnings
 Soldiers burn down fuel station
 More power cuts reported as customers refuse to pay
 Rakhine residents protest fuel station construction
 Resistance group retaliates against burning of artisanal wells
 Military fuel bowsers attacked between Myeik, Dawei
 Court rejects MEHL petition to dissolve Kirin brewery JV
Project of the Week  Free fuel offered to undermine Silent Strike
 Electricity offices under attack, 3 February
Production at Yetagun
 Official visits and meetings round-up, 3 February
steady since October 2021
 Weekly tender award updates (MOGE), 1 February
 COVID-19 tracker, 2 February
 This week’s company and project updates
Calendar
This Week’s Tenders
Thailand Oil & Gas
Roadshow 2022  Supply of items to YESC-(1)
 Supply of items to YESC-(2)
 Supply of construction service to YESC
Data
 Electricity approvals and agreements, 2018 to present

 Weekly fuel prices
 Fuel retail prices by city
energy.frontiermyanmar.com
Myanmar Energy Brief | 28 January - 3 February 2022 2
Power and electricity Fitch also expects that the shakeup in Yadana’s
Fitch expects TotalEnergies, Chevron withdrawal ownership will place a strain on Thailand’s
to strain gas power market power supply, as exports from the field are used to
generate around 8% of the country’s electricity.
Fitch Solutions Country Risk & Industry Research
predicts that Myanmar’s gas power sector will
contract by 9% year-on-year in 2022 before
growing by 1% in 2023, according to a recent
analysis.
The research house expects that gas power

generation will return to 2020 levels, which it puts
at 11.4TWh, by 2031.
These predictions were made in the wake of

TotalEnergies and Chevron’s announcement of
their plans to exit the Yadana offshore area at the Gas production and consumption by field in bcm for
end of last month (see separate story). 2017. Source: Ministry of Electricity and Energy,
Fitch Solutions
TotalEnergies’ is expected to end its term as

operator of the project around July, as the
company said it has notified its intent to withdraw
following the expiry of its current six-month
contract. Chevron has not yet announced a
definitive departure date.
Many observers have suggested that PTTEP, the

other international partner in Yadana, will take
over both companies’ shares and the role of
operator. PTTEP is presently heavily invested in
Myanmar gas power generation in TWh and y-o-y Myanmar and has expressed interest in making
growth projections 2020-2031. Source: EIA, new commitments despite the political crisis.
National sources, Fitch Solutions
(e/f = estimate/forecast) Its parent PTT Group is also the buyer for the 70%
of Yadana’s output that is exported.
According to Fitch, in the short term,
TotalEnergies’ scaling back from Yadana is likely to However, Fitch argues that PTTEP may be hesitant
negatively impact the supply of gas available for to take on this new commitment. Assuming the
domestic power generation, which will worsen the role of operator at the project would require the
power outages already occurring across the commitment of additional resources, which could
country. stretch the company.
Myanmar Energy Monitor notes for reference that Finding another international investor would also
maintenance conducted at Yadana in early January likely be challenging, given the difficult operating
led to a temporary drop in available generation environment and Myanmar’s increasing isolation.
capacity of 540MW. Gas from the field is used to
supply around 50% of Yangon’s total power TotalEnergies and Chevron’s unwillingness to
consumption. remain with the project is also likely to serve as a
deterrent for both prospective new operators at
Yadana and potential investors in Myanmar’s
energy sector generally.
The outcome of negotiations over Yadana’s future Long-term impacts on market growth
between the project’s current stakeholders and
the Myanma Oil and Gas Enterprise will likely not In its recent analysis, Fitch reaffirmed its
be known for several months. projections made in December last year that the
country’s power market will continue to weaken
Short-term impacts on the power sector through 2022 and will only recover to 2019 levels
after 2024.
If production at Yadana is impacted by the
departure of its majority stakeholders, Thailand “We remain apprehensive on any strong growth,
may be able to turn to admittedly pricy LNG given how the military government is handling the
imports to bridge any supply gaps. situation in the power sector”, the research house
stated.
This will likely not be an option for the military
administration in Myanmar.
CNTIC-VPower, the operator of the country’s only

two LNG-to-power plants scaled down generation
by 750MW back in July not due to lack of demand
but because spiking global prices severely reduced
the profitability of the projects.
The military administration reportedly blessed this

decision as it was to reduce its commitment to buy
this expensive power. Myanmar net power generation and consumption
in TWh and y-o-y growth projections 2020-2031.
Power bill boycotts which have been ongoing for a Source: EIA, national sources, Fitch Solutions;
year now have severely reduced the flow of cash e = estimate, f = forecast
typically allotted by the government for the
purchase of electricity. Fitch also noted that there are several downside
risks regarding its already bleak long-term outlook
As the boycotts persist and the Electric Power for the sector.
Generation Enterprise’s financial struggles worsen,
it seems likely that the widespread power outages The conflict in the country is expected to continue
reported in recent months will only increase in in the coming years, jeopardising the stability of
frequency. supply and deterring new investment.
Myanmar Energy Monitor also notes that Electricity bill boycotts may continue to
anti-military groups have been attacking power significantly damage the energy ministry's financial
infrastructure, which has in some cases disrupted position.
the delivery of electricity to the grid from certain
power plants. Disruptions to power supply have long hindered
Myanmar’s industrial growth, which would in turn
The country is now heading toward the dry drive power consumption and market growth.
summer season, which typically begins around Again, this situation has only worsened in the last
March. Blackouts have been a major issue during year, and it is expected to continue to slow the
this time in recent years, as hydropower reserves development of the market.
are usually depleted and gas generation has been
insufficient to bridge the supply gap.
This situation is likely to be worse this year, with

significant load shedding expected.
B2B
World Bank projects 1% growth in 2022
Myanmar’s economy could achieve 1% growth in

2022, amid tentative indications of stabilisation,
the World Bank has projected in its most recent
Myanmar Economic Monitor report.
Readers can access the full Myanmar Economic

Monitor for January 2022 here.
Low rates of COVID-19 infections and a recovery in

mobility to pre-February levels toward the end of
2021 have contributed to the World Bank’s
outlook. Improvements in manufacturing activity
and exports also indicate a slight trend toward Source: Ministry of Planning and Finance; World Bank estimates
economic stabilisation.
In terms of risks which could jeopardise the 1%
However, economic activity remains far below growth projection and tip the economy toward
pre-pandemic and pre-takeover levels. Ongoing further contraction, the World Bank cites a new
challenges for businesses include restricted access wave of COVID-19 infections and further escalation
to cash and banking services, along with higher of conflict, both of which are significant
prices for fuel and other inputs due largely to the possibilities.
depreciation of the kyat.
The World Bank has factored another wave of
Disruptions to power supply and internet access COVID-19 infections into its projections already,
represent further challenges which could worsen in with the expectation that it will be driven by the
the new year. The deterioration of the security Omicron variant and be characterised by fewer
situation in the country has also strained deaths and hospitalisations.
companies’ operations and negatively impacted
investor sentiment. However, the country’s low vaccination rates and
weak public healthcare infrastructure could lead to
In 2022, growth in the industrial sector is expected greater effects on economic activity and livelihoods
to come in at around 3%, driven by continued than seen in Omicron waves elsewhere in the
demand for garment and natural gas exports, along world.
with modest recovery in construction activity.
It is also expected that the scale of conflict in the
The services sector is also expected to see marginal country will remain at current levels. However, if a
growth, while agriculture will see further recent increase in conflict incidents continues, this
contraction, as domestic demand remains weak could further hinder economic activity.
and access to necessary inputs remains
constrained. The World Bank also reaffirmed its estimate that
the economy contracted by 18% in 2021. If 1%
growth is achieved in 2022, the economy will still
have shrunk by around 15% compared to 2019.
Additionally, the World Bank projects that the

economy at the end of 2022 will be 30% smaller
than it would have been if the COVID-19 pandemic
and the military takeover had not occurred.
Around 35% of total FDI committed, or $95m,

came from seven projects from Chinese investors.
Singapore committed $82m and Korea $53m.
The World Bank also notes that while company

registrations were down 67% year-on-year in 2021,
they began to pick up toward the end of the year.
At the same time, international companies

continued to suspend, cancel or scale back their
plans in the country as the investment and
business environments continued to deteriorate.
Energy companies cited by the World Bank which

have pulled out or scaled back their commitments
in Myanmar since the military takeover include
Source: Ministry of Planning and Finance; World Bank estimates Woodside, Petronas, Électricité de France, VPower
and TotalEnergies.
FDI falls as more companies suspend projects
Myanmar Energy Monitor notes that Chevron also
FDI commitments remained low in the second half announced its intent to withdraw from the Yadana
of 2021, coming in at $267m across 17 permitted offshore area last week.
projects for the period between July and
November, according to data from the Directorate Natural gas production was resilient, but earnings
of Investment and Company Administration cited are falling
by the World bank.
The World Bank notes that natural gas production
Commitments in US dollar amounts were down has remained fairly stable, despite the shocks of
around five-fold year-on-year. the pandemic and the military takeover.
Manufacturing accounted for around 40% of total Some volatility occurred earlier in the year when
FDI approvals, with around $108m having been output from Yetagun halted temporarily. Output
committed across 12 projects. One construction was halted first in April when the depletion of gas
project valued at $65m accounted for another stocks caused production to drop below the
25%, while transport and communications and technical threshold. Production resumed at lower
hotels and tourism saw the third and fourth levels in July but was halted in August when
highest approvals, respectively. workers at the project contracted COVID-19.
Yetagun then began operating again toward the
end of the year.
Myanmar’s three other offshore areas were

operating normally throughout 2021. However,
figures published by the Ministry of Commerce
indicate that natural gas export earnings fell 14%
year-on-year in FY2020/21 to $3bn, compared to
$3.5bn in FY2019/20.
Higher fuel prices have driven up transportation

and, which have in turn contributed to higher costs
In the coming years, both production and export for food and manufacturing inputs.
earnings are expected to decline as output from
existing projects slows and new developments face As a result in September 2021, inflation had
continued delays. reached 7.3% compared to a low of 0.7% in
January. Non-food price inflation reached 9.8% in
The World Bank also noted that TotalEnergies’ December, compared to 0.6% in January, mainly
withdrawal from Yadana could impact production due to the impact of kyat-denominated fuel prices
and earnings from the project, but that the on transportation costs.
situation is unclear at the present stage.
There is the possibility too that Western

governments - most notably the US and EU - could
introduce sanctions on the Myanma Oil and Gas
Enterprise (MOGE). In its withdrawal
announcement last week, TotalEnergies stated its
support for such measures.
If sanctions are introduced, this could impact

operations and revenues from existing projects as
well as deter investments in new ones, with
negative implications for public revenue.
Rising fuel prices contribute to inflation
Fuel prices steadily increased throughout 2021 in

parallel with the rise in global oil prices. Between
July and October prices shot up 31%, more than Lower earnings from energy SOEs reduce public
doubling from those recorded in January 2021, revenue
mainly because the depreciation of the kyat drove
up the cost of fuel imports. Evaluating figures from the Internal Revenue
Department, the World Bank estimates that
After peaking in October and November, prices non-tax revenue collected in FY2020/21 came to
declined somewhat, but at the end of the year they Ks11.7tn, around 12.1% of GDP.
were still up 78% compared to before the military
takeover. Myanmar Energy Monitor notes too that Non-tax revenue of Ks15.3tn, around 13.5% of
in the new year prices have again been rising. GDP, was recorded in FY2019/20, meaning
collections are down around 23%.
This drop can be explained primarily by an Others have reported that the MoEE failed to
estimated 41% decline in revenue from collect an estimated Ks2tn in revenue from power
state-owned enterprises (SOEs), the most lucrative bills in the first seven months following the military
of which are in the energy sector. SOE revenues takeover.
are expected to be around Ks5.2tn for FY2020/21,
compared to Ks8.7tn the previous year. The World Bank notes that a recent escalation in
MoEE’s efforts to force businesses and households
Non-tax revenue in recent years has contributed to pay their overdue bills by cutting off power may
over two thirds of total government revenue, while serve to increase revenue. At the same time,
the remaining third came from taxes. extended power cuts could further hinder
economic activity.
The World Bank expects non-tax revenue to
comprise 80% of the state budget going forward as MOGE’s earnings from oil and gas production
tax revenues also fall because of both the negative represent the other major source of energy SOE
economic impacts of the pandemic and the fallout revenue. As noted above, gas export earnings were
from the military takeover. down around 14% year-on-year in FY2020/21, with
this decline expected to continue in the coming
Revenue from energy sector SOEs accounts for years as output from existing production sites
roughly half of total public revenue; the World tapers off.
Bank breaks down these income sources as
follows: Energy spending and the outlook for new projects
 37% of this comes from energy SOEs, While revenue from energy SOEs has declined over
including MOGE, the Yangon Electricity the last year, the MoEE again received the largest
Supply Enterprise (YESC) and the Mandalay budget allocation of any ministry for the
Electricity Supply Enterprise (MESC) mini-budget year running from October 2021 to
March 2022, at around 25% of the total budget.
 9% comes from SOE contributions to the
Union government (with energy SOEs as the The defence and transport ministries received the
main payers) second and third largest shares, respectively, at the
expense of healthcare, education and state/region
 2% from petroleum royalties governments.
 3% from income tax and 2% from The World Bank suggests that the 1.6% increase in
commercial tax (with energy SOEs as the the MoEE’s budget may be a response to the
main payers) currency depreciation, which has increased the
cost of honouring certain power purchase
Power bill collections have fallen sharply since the agreements.
military takeover due to both a refusal to pay bills
by people participating in the Civil Disobedience In terms of where the MoEE will focus its
Movement (CDM) and a shortage of staff in resources, the World Bank highlights the evidence
electricity offices. that the State Administration Council (SAC) is
adopting an interventionist and inward-looking
The Independent Economists for Myanmar in a approach to economic management and policy.
previous report indicated that as of March, the
Ministry of Electricity and Energy (MoEE) was Import substitution has been encouraged and
collecting Ks100bn ($60m) less per month from previously suspended or overlooked state-owned
power bills than usual. Payment rates in Yangon projects are receiving new attention. This is at least
and Mandalay were thought to be 2% and 3%, in part a response to foreign exchange pressures
respectively. and plummeting domestic economic activity.
In the energy sector, the SAC is attempting to The US has sanctioned Htoo Group head Tay Za
revive the Thanlyin oil refinery in Yangon, which and his sons Htoo Htet Tay Za and Pye Phyo Tay Za.
the National League for Democracy government Tay Za and Htoo Group were first sanctioned by
suspended in 2017 due to its heavy losses. the UK in September.
Myanmar Energy Monitor notes that the MoEE Additionally, the US has announced sanctions on
under the SAC has also called tenders for the both KT Services and Logistics Company, a
refurbishment of state-owned fertiliser factories subsidiary of KT Group, and the group’s CEO
and the construction of new refineries. Jonathan Myo Kyaw Thaung.
The World Bank notes that weak demand in the The new sanctions mainly appear to target
power sector, the higher cost of imported fuel and individuals within the judiciary, those responsible
the worthlessness of kyat-denominated revenues for perpetuating false claims about election fraud
have rendered some power projects in the pipeline in 2020, and people and companies identified as
unviable. helping the military with arms procurement.
While the institution does not specify, we assume In a statement, Canada’s foreign ministry, Global
this is a reference to the numerous large-scale LNG Affairs Canada, said the sanctions are meant to
-to-power projects which have long been in the “target senior members of the regime who are
works. using their respective roles to abuse the rule of law
and remove political opposition, thus contributing
Investment in renewable power generation as a to a grave breach of international peace and the
way to reduce reliance on pricey LNG imports, deteriorating security situation”.
natural gas and coal has also been a talking point
for the SAC in recent months. Tenders for new The financial sanctions are aimed mainly at
solar projects and hydropower feasibility studies freezing any assets held by these individuals or
have also been called, though interest has been entities in the US, UK or Canada. They also prohibit
extremely low. citizens of these three countries from doing
business with or providing financial resources to
Government and local authorities these individuals, the entities and entities in which
US, UK, Canada impose sanctions on 1 February they hold a majority stake.
anniversary
We note that the EU was also expected to
The US, UK and Canadian governments have announce new sanctions on 1 February.
announced a new round of coordinated sanctions
to mark the one-year anniversary of the military Asia Times in a recent story, however, cited an
takeover in Myanmar. anonymous diplomatic source as saying that the
rollout is now expected to be delayed as member
Canada announced sanctions on the State states debate whether to sanction the Myanma Oil
Administration Council (SAC)-appointed Attorney and Gas Enterprise (MOGE).
General Thida Oo, Chief Justice Tun Tun Oo and
Chairman of the Anti-Corruption Tin Oo. Civil society organisations and other anti-military
actors have been calling for sanctions on MOGE,
The UK also sanctioned Thida Oo and Tin Oo, along whose earnings represent the largest source of
with the SAC-appointed Chair of the Union Election revenues for the Myanmar state, for well over a
Commission Thein Soe. year.
Finally, the US announced the most extensive list Following the announcement of its plans to
of new sanctions. Canada’s neighbor joined it in withdraw from the Yadana offshore gas project last
sanctioning Thida Oo, Tin Oo and Tun Tun Oo. It week, TotalEnergies threw its support behind the
has also sanctioned the Directorate of Defence idea of sanctioning MOGE.
Procurement, which was initially targeted by the
UK and Canada in December.
Some have speculated that TotalEnergies and Chevron, its partner in Yadana, chose to withdraw from the
project in anticipation of the announcement of MOGE sanctions.
Others have suggested that the companies’ withdrawal will now pave the way for the US and EU to target
MOGE without damaging the companies.
Also on the anniversary of the military takeover, campaign group Justice for Myanmar (JFM) reviewed the
targeted sanctions which have been imposed to date by the US, Canada, the UK, EU and New Zealand.
Source: Justice for Myanmar
JFM called out Australia, India, Japan and South Korea for failing to impose sanction and highlighted
companies from each which are involved in projects affiliated with the military or the SAC-controlled
state.
The group argued that “not enough has been done to designate individuals and entities linked to the
Myanmar military junta's serious human rights violations and corruption” and called specifically for
countries to impose sanctions on MOGE, as well as military-controlled businesses.
“Targeted sanctions are an important tactic for the international community to deploy in support of the
Myanmar people's overwhelming rejection of the attempted coup and the struggle to build a federal
democracy”, JFM concluded.
Source: Justice for Myanmar
Exploration About the 600MW Kyaiklat gas-to-power project

PTTEP conducting survey work for new pipeline
PTTEP received a notice to proceed for its 600MW
PTTEP has issued a notice to mariners stating that “integrated domestic gas to power project" in
pipeline company Delta Gas Transportation Limited Myanmar at the tail end of 2020.
(DGT) will conduct a marine baseline survey for a
new pipeline. The $2bn investment is to consist of the following:
The announcement was shared in Daily Mirror on  A 600MW combined cycle gas plant to be
2 February. located in Kyaiklat Township, Ayeyarwady
Region
The new pipeline is referred to as the Domestic
Gas to Power (DG2P) project, and the notice  A 370km offshore and onshore gas pipeline
specifies that it is related to the M-3 and M-9 running from Kanbauk to Daw Nyein to
offshore blocks. Kyaiklat
According to the notice, the survey work will be  A transmission line from Kayiklat to
conducted from 14 to 22 February, using the Hlaingtharyar Township in Yangon
survey vessel MV Hai Duong 68. We note that the
Hai Duong, which flies under the flag of Panama, is Gas for the project will be supplied from the
listed as a general cargo ship. Zawtika offshore area, which is mainly located in
the M-9 block, and the M-3 offshore block.
The areas around points 1 to 4 and the
Point-Reference Station will be affected. PTTEP will sell power from the plant to the Electric
Power Generation Enterprise on a 20-year contract
The notice prohibits fishing boats, cargo vessels with one 5-year extension.
and other shipping vessels from entering restricted
areas within 4km of the survey areas. Final investment decision for the integrated project
was initially targeted for early 2022, though it
We assume that the surveys are related to the seems unlikely that this deadline will be met.
supply pipeline for PTTEP’s 600MW gas-to-power
project planned for Kyaiklat in Ayeyarwady. The company has said in its earnings reports
throughout 2021 that the project has experienced
Two other simultaneous survey campaigns have unspecified delays related to the COVID-19
also been announced in recent weeks. pandemic and the political situation in Myanmar.
Between 7 February and 5 March, PTTEP is We note too that PTTEP will likely postpone final
planning to conduct geotechnical site surveys at investment decision on the project at least until
M-3 and M-9 using survey vessel MV.DP2 KEYFIELD after it secures approval for the supplementary
HELMS owned by Helms Geomarine. production-sharing contract for M-3.
Between 27 January and 25 May geophysical site

investigations will also be executed using the
survey vessel MV. PTSC Researcher owned by
Petrovietnam Technical Services Corporation,
according to previous announcements.
In late 2020, PTTEP conducted a 24" nearshore

geophysical site investigation survey at the blocks.
Imports and distribution Fuel prices peaked in early October at between

CBM sells $150m to fuel oil sector Ks1,550 and Ks1,595 per litre, and they declined
slightly through the end of the year.
The Central Bank of Myanmar (CBM) sold $150m
from its forex auctions to the fuel oil sector However, prices began climbing early last month
between 15 September 2021 to 19 January 2022, and as of 28 January had reached Ks1,590 per litre
according to a recent announcement by the of Octane 92, Ks1,650 for Octane 95, Ks1,610 for
Consumer Affairs Department (CAD). diesel and Ks1,620 for premium diesel.
The CBM sold the greenback to fuel import Consumers are urged to report participating
companies at reference rates ranging from a vendors that are not selling fuel oil at the
minimum of Ks1,753 per USD to a maximum of subsidised price.
Ks1,820.
The government subsidy scheme has received
The CAD said authorities are currently distributing criticism from some retailers who have claimed
151 million litres of fuel oil worth $103.9m into the that only military-aligned companies are allowed
local market, with 144 million litres distributed so to participate.
far as of January, while a separate $37m worth of
fuel oil is stored for future distribution. SME retailers selling fuel at the market rate are
unable to compete with companies selling fuel at
During the meeting of the National Defence and the subsidised rates.
Security Council on 31 January, State
Administration Council leader Min Aung Hlaing said Exploration
more than 4.12 million tonnes of fuel worth $2.5bn PTTEP gives operational updates in Q4 earnings
were imported in 2021 under his administration.
PTTEP provided operational updates on its
The devaluation of the kyat following the military Myanmar projects in its earnings release for Q4
takeover last year has severely affected different 2021.
parts of the economy, including fuel prices, which
have climbed dramatically. Updates and notable events for the company’s
projects throughout 2021 are as follows:
The Central Bank has managed to keep its official
USD/MMK reference rate at Ks1,788 per USD for Zawtika offshore area
two months now, but the kyat continued to
weaken in the local market and fluctuate between The field development plan for Phase 1D is being
Ks1,950 and Ks2,000 for the whole of January. implemented, with progress on new wellheads
moving forward as planned.
According to figures released by the Myanmar
Petroleum Trade Association (MPTA), fuel was Sales and production were in line with contract
pegged at around Ks590 per litre for Octane 92, obligations, but delays in “certain activities” have
Ks610 for Octane 95, Ks590 for diesel and Ks605 occurred due the situation in the country. We note
for premium diesel in early February 2021 in the that in 2020, average gas sales from Zawtika were
domestic retail market. 320 million cubic feet per day.
While prices rose steadily throughout 2021, they PTTEP has not yet released 2021 sales figures for
shot up over 30% between July and October, its Myanmar projects.
mainly because the depreciation of the kyat drove
up the cost of fuel imports. The company has also prepared an “asset
readiness plan” for Zawtika in line with its business
In response, the commerce ministry and MPTA in continuity management plan to ensure an
early September announced that fuel would be uninterrupted supply of petroleum to its buyers.
sold at subsidised rates at selected stations in
Yangon, Mandalay, Naypyitaw.
Yetagun offshore area The M-3 offshore block
Following Petronas’s declaration of force majeure PTTEP is still awaiting approval of the
in April after production fell below the technical Supplementary Production-Sharing Contract for
threshold, operations resumed sometime in July the offshore gas project from the military
but were halted again at the end of the month due administration.
to a COVID-19 outbreak among project staff.
We note that as of 31 October, PTTEP obtained a
Production resumed again in October and 100% stake in M-3 following the withdrawal of its
continued uninterrupted throughout the end of partner Mitsui Oil Exploration Co., which previously
the year. PTTEP also noted that it recorded a held a 20% stake.
combined impairment loss of $183m in Q4 2021
from Yetagun and a project in Mozambique. The 600MW Kyaiklat gas power plant
exact amount attributed to Yetagun was not
specified. The project is facing unspecified delays due to the
political situation in Myanmar and the pandemic.
Yadana offshore area PTTEP says it is continuing to monitor the situation
to assess risk and prepare an action plan.
Two production wells were drilled in 2021 at the
Yadana and Badamyar fields. We note that some activities appear to be ongoing
in regards to gas supply for the project, which is to
PTTEP also noted in its Q4 results TotalEnergies’ come from the M-3 and M-9 (Zawtika) blocks. In
withdrawal from the block as operator and from recent months, PTTEP has conducted several
the Moattama Gas Pipeline Company, which was rounds of surveys at both blocks, with new ones
announced on 21 January 2022 and will be announced in the last week (see separate story).
completed within 180 days after official approval is
obtained. Overall financial results
We note that the US’s Chevron has also PTTEP’s revenue for Q4 2021 came to $1.9bn, up
communicated in the media its intent to withdraw 48% year-on-year from $1.3bn in Q4 2020. Net
as well. profit for the recently ended quarter was $321m,
up over 100% from only $81m in the same quarter
PTTEP is the most likely new operator of the last year.
project as the only foreign stakeholder remaining.
For the whole year, revenue came to $7.3bn, up
Company CEO Montri Rawanchaikul in a statement 37% from $5.4bn in 2020. Net profit reached
issued on 21 January said in response to $1.4bn, a 68% year-on-year increase from $720m
TotalEnergies' announcement said the company is in 2020.
considering its options and “putting the utmost
importance for the energy security of both The increase in earnings can mainly be attributed
Thailand and Myanmar and preventing impacts on to higher global oil prices, which also raised sales
energy demand to the livelihood of people in both prices. In 2021, the Dubai crude price averaged
countries". $69.4 per barrel, compared to $42.3 per barrel in
2020.
The negotiations between TotalEnergies, Chevron,
PTTEP and MOGE over the fate of Yadana and how LNG prices in the Asia spot market also began to
the project will be run going forward are expected increase dramatically in the middle of the year as
to take take several months. global demand spiked amid a period of lower
supply. Prices peaked at $56 per million British
MMBtu in October, compared to $5.6 per MMBtu
in Q1.
PTTEP also saw an 18% year-on-year increase in It is unknown why the fuel station was burned
average sales volumes in 2021 to 416,141 barrels down. A friend of the fuel station owner told the
of oil equivalent per day. This was driven by the outlet that a dispute may have arisen between the
start of production at the company’s Sabah H owner and the soldiers, who were camping near
project in Malaysia in Q1 as well as its acquisition the station.
of the Oman Block 61
He added that the administrative office for Ye-U
The company’s “Other Southeast Asia” business, Town had so far declined to conduct any
which includes Myanmar and other markets in the investigations or take any action over the attack.
region, excepting Thailand, recorded net profit of
$174m in Q4 2021, compared to only $3m in the Power and electricity
same quarter last year. More power cuts reported as customers refuse to
pay
For 2021 as a whole, the “Other Southeast Asia”
segment recorded net profit of $346m, up over There were numerous reports this week of power
100% from $145m in 2020, with the increases also being cut to households across the country.
mainly due to both higher sales prices and
volumes. Following the military takeover on 1 February,
consumers essentially stopped paying their power
bills, while the cost of generation has continued to
accumulate.
Facing mounting cash flow problems, the military

administration has attempted to restart bill
collections.
This Civil Disobedience Movement and National

Unity Government have called for households to
continue their refusal to pay, with the aim of
worsening the financial pressure on the military.
As electricity suppliers have begun shutting off

power to delinquent customers and sending
officials door to door to make threats, some people
have begun to pay. However, it is thought that
Imports and distribution collections still remain far below usual levels.
Soldiers burn down fuel station
Ayeyarwady Region
A group of soldiers burned down the Petrol One
fuel station in Aung Chan Thar Toe Chae Ward in Staff from the Pathein Township electricity office
Sagaing Region’s Ye-U town at around 9:15pm on sent letters to the residents of Ayeyarwady
26 January, according to Myanmar Now. Region’s Pathein Town last week demanding they
pay their electricity bills, according to
The fuel station is reportedly owned by the son of Mizzima Daily.
a former member of Sagaing Region Hluttaw who
is currently a member of the Union Solidarity and A resident told the outlet that the electricity
Development Party. staffers threatened to remove meter boxes and
take legal action against households that continued
It was also reported that the station staff were refusing to pay their bills.
arrested and interrogated.
Another resident told Mizzima that meter boxes
had already been removed from some households
that refused to pay.
Shan State Another resident told the outlet that the group had
sent a petition signed by over 100 residents to the
Households in Shan State’s Shwe Nyaung Town local township, district and state administrative
had their power cut off on 27 January, according to offices on 21 October last year. They have not
Shan News. received a reply to date, and this is why they
organised the protest.
A resident from Mingala Aung Myay ward told the
outlet that five electricity staff came to his house, The station is reportedly owned by a businessman
and he was asked to pay that day his bills for from Ma-Ei Town named Tun Kywue.
electricity used over the last year.
Communities
He said that his power was cut immediately when Resistance group retaliates against burning of
he could not pay the bills. He asked if it was artisanal wells
possible to pay the large backlog in installments
but the request was refused. The soldiers who torched several artisanal oil wells
in Sagaing Region’s Myaing Township last month
Yangon Region were attacked by local resistance forces on
29 January, according to the Than Lwin Khet News
Power was cut off to some households in Yangon’s Facebook page.
Tamwe Township on 26 January, according to
Mizzima Daily. The Myaing People’s Defense Force (MPDF) took
responsibility for the attack on its Facebook page.
A township resident told the outlet that her power
was cut because she was unable to pay bills It did not provide details about the scale of the
exceeding Ks300,000 ($169). attack.
Mizzima reported that power was mainly being cut The MPDF also claimed that it had planted
to households with overdue bills over Ks100,000 landmines near the Thapyaynyo and Yae Kar
($56). artisanal oil fields. A group of around 100 soldiers
allegedly triggered the mines, and two soldiers
Imports and distribution were killed.
Rakhine residents protest fuel station
construction On 23 January, some 300 soldiers reportedly
raided and torched artisanal oil fields in the Kyet Su
Some 100 residents gathered to protest the Eine and Thayet Kan areas in Magway Region’s
construction of a fuel station in Kine Shay ward in Myaing Township.
Rakhine State’s Taungup Town, according to
Narinjara. An MPDF spokesperson told the media that the
soldiers had demanded that the oil field owners
They are concerned that the station will be located pay bribes ranging from Ks200,000 ($113) to
too close to a residential area. Ks300,000 ($169) per well. They torched the wells
immediately if the owners refused to pay.
It was reported that after a fire at a fuel station in
2012 damaged some nearby houses, the town It was reported that several houses located near
residents agreed with the administrative office that the wells were also destroyed, and the residents
no more fuel stations would be constructed in were forced to flee.
residential areas.
A spokesperson from the MPDF (South) told
The protest leader Ye Lin Aung told Narinjara that Myanmar Now that three farms storing 500-1,000
the protest was held with permission from the gallons of crude were destroyed in the fire.
local police department.
The spokesperson said that even if the owners had Last week, it was reported that a military convoy
paid the money, another group of soldiers would including four fuel bowsers detonated a set of
have subsequently demanded money and torched landmines on the Union Highway running from
the wells if they did not pay. Myeik to Dawei on 23 January.
A resident of the area told RFA Burmese that two A resident of the area told the outlet that the
well owners who paid Ks500,000 and Ks1mn to convoy had also been attacked on its journey at
protect two and six wells, respectively, were several points by unidentified armed groups.
spared.
It is unknown whether anyone was injured or the
There were also reports last week that soldiers group responsible for the attack.
were burning wells in Magway.
B2B
Around 30 artisanal oil wells in the Kyauk Khwet Court rejects MEHL petition to dissolve Kirin
area were reportedly torched after the owners brewery JV
could not pay Ks100,000 ($56) per barrel.
The Yangon West District Court rejected a petition
Another 15 wells were burned at the Thabyay Nyo filed by Myanmar Economic Holdings (MEHL) to
oilfield also in Myaing Township on 18 January. dissolve Myanmar Brewery, a JV between the
military-owned conglomerate and Kirin Holdings.
“Junta forces are asking owners to pay Ks50,000
for one well. Some owners were scared of soldiers According to a statement issued by Kirin, the court
and ran away without paying and their wells and accepted the Japanese company’s argument that
barrels of oil were set on fire”, a well owner told MEHL’s petition under the Myanmar Companies
Democratic Voice of Burma. Law was invalid.
The military has been conducting offensive MEHL may file a new petition based on the
operations in Myaing Township in recent weeks, Insolvency Law, which came into effect in 2020.
causing around 60,000 people to flee their homes.
Kirin said it would take "take appropriate
Democratic Voice of Burma reported that soldiers measures" if this were to occur.
and members of the pro-military Pyusawthi group
have been burning houses and vehicles, as well as In December, Kirin announced that it was seeking
arresting people. commercial arbitration through the Singapore
International Arbitration Centre to find a fair
Imports and distribution resolution for the JV's termination.
Military fuel bowsers attacked between Myeik,
Dawei The company announced shortly after the
1 February military takeover that it planned to end
The Palaw People's Defense Force (PPDF) attacked the JV, although it has stated it is not intending to
a military convoy, which included two fuel exit Myanmar.
bowsers, on the Dawei-Myeik Union Highway, the
PPDF announced on its Facebook page. Kirin has since stated that MEHL has been
“uncooperative in negotiations”, which have also
Two soldiers were reportedly killed during the been delayed due to political instability, worsening
attack, which took place on 26 January. safety conditions and the COVID-19 third wave.
The group claimed the convoy was heading to It has said previously that it planned to ask MEHL
Myeik. to sell its shares to Kirin or local companies that
are not affiliated with the military.
Prior to the military takeover, Kirin had stopped The military administration employed a number of
making dividend payments to MEHL in 2020, after tactics to undermine the strike, such as threatening
it was condemned by international rights groups business owners to keep their shops open and
for its partnership with the military-owned organising pro-military protests.
conglomerate amid accusations of genocide
against the Rohingya. We note that widespread participation was still
documented across the country.
Following the military takeover, Myanmar Brewery
has seen its profit fall almost 50% year-over year,
recording just ¥5.4bn as of Q3 2021 compared to
¥10.4bn in the same period last year amid a drop
in sales and increased raw material costs, among
other factors, according to Kirin’s financial filing.
Myanmar Brewery has faced boycott calls from

anti-military protesters, while beer sales in general
are also down amid the pandemic and the political
upheaval.
In 2019, Kirin’s Myanmar business recorded an

operating profit of $115m, according to the
company. Power and electricity
Electricity offices under attack, 3 February
Kirin bought a 51% stake in Myanmar Brewery
from MEHL in 2015 for over $560m. People’s Defence Forces (PDF) and other guerrilla
groups have been executing bombings of electricity
A growing number of foreign companies have offices for several months now, mainly in an
moved to cease operations in Myanmar following attempt to disrupt bill collection and meter reading
the military takeover, including Norwegian telecom efforts.
operator Telenor, German food wholesaler Metro,
Indian port operator Adani, Switzerland’s Power bills represent an important source of
Kempinski Group, Australia’s Myanmar Metals revenue for the state.
Limited and the UK’s British American Tobacco
Myanmar. As the situation has escalated, groups have also
been targeting strategic electricity and energy
Imports and distribution infrastructure, such as substations.
Free fuel offered to undermine Silent Strike
Since 1 February, military-appointed
Mandalay officials appointed by the State administrators and officials, as well as other
Administration Council announced that motorcycle government offices, have also been the target of
owners could receive a litre of 92RON fuel at attacks.
designated retail outlets between 11am and 3pm
on 1 February, according to Tachileik News Agency. Electricity offices attacked and threatened in
recent weeks are as follows:
The offer appeared to be an attempt to lure city
residents out of their houses during the Silent
Strike organised to mark the one-year anniversary
of the military takeover.
A total of 15 fuel stations owned by Denko Trading,

Best Oil Company, Asia Energy, Shwe Byin Phyu,
360 Petrol and Mya Power were listed as
participating in the giveaway scheme.
Nyaung-U Town Electricity Office On 27 January, the Urban Guerrilla Force Thanlyin
attacked the Thanlyin Township electricity office
An explosion occurred at the Nyaung-U Town using a remote-detonated explosive, a
electricity office in Mandalay at around 7pm on spokesperson from the group told Khit Thit Media.
30 January, according to Delta News Agency
Facebook page. The official said the attack was a warning to office
staff who had been threatening customers and
The next day, the 21 Guerrilla Group (Myingyan) cutting off their power.
announced that it had collaborated on the attack
with the Bagan Ogre Force. No injuries were reported.
The 21 Guerrilla Group said the bomb was Mindon Town Electricity Office
intended as a “last warning” to the office staff, who
have been threatening households in Nyaung-U An explosion occurred at Mindon Town electricity
and nearby villages and cutting off their power. office in Magway Region at around 3pm on
26 January, according to the Myaelatt Athan
No injuries were reported as a result of the Facebook page.
bombing.
The same day, the Mindon People’s Resistance
Paungdale Township Electricity Office Force (MPRF) reported that it had executed the
attack with the Golden Eagle Group. The attack
The Mother Son Yangon Force (MSYF) threw two was a last warning to the office staff who had
grenades into the Paungdale Township electricity reportedly been collecting electricity bills by force.
office in Bago Region on 28 January, a
spokesperson from the group told The MPRF said it would punish the office staff
Delta News Agency. severely if they continued to engage in this
behavior.
It is unknown whether anyone was injured due to
the attack. Lanmadaw Township Electricity Office
Yangon electricity offices An explosion occurred at Lanmadaw Township

electricity office at around 11am on 26 January,
On 28 January, explosions occurred at Shwe Lin according to Daily Eleven.
Ban electricity office and Shwe Lin Ban Industrial
Zone electricity office, according to the People’s It is unknown whether anyone was injured or who
Spring Facebook page. was responsible for the attack.
Later in the day, the Gods of Death (GOD) group Government and local authorities
announced that the GOD, Free Tiger Rangers, Official visits and meetings round-up, 3 February
Spring Revolution Force and Black Eagle Group
were jointly responsible for the attacks. Some weeks, the Ministry of Electricity and Energy
(MoEE) and media outlets publish articles on
In the announcement, the GOD said the attacks recent site visits and meetings held by various
were a warning to the office staff who had government officials.
allegedly been working with the military.
Myanmar Energy Monitor publishes recaps of
Also on 28 January, the electricity office in North these events in a weekly round-up, pending the
Dagon Township was bombed by the Justice availability of information.
Bringer Force, Khit Thit Media reported.
At present, we are reporting on energy
It is unknown whether anyone was injured during sector-related visits and meetings held by both
the explosion. National Unity Government (NUG) and State
Administrative Council (SAC) appointees.
The NUG has appointed U Soe Thura Tun as its B2B

minister for electricity and energy and Weekly tender award updates (MOGE),
Maw Htun Aung as deputy minister. 1 February
The SAC-appointed former deputy electric power On a semi-regular basis, the Ministry of Electricity
minister Aung Than Oo as its minister for electricity and Energy (MoEE) and other government entities
and energy. Thant Zin was appointed as deputy publish information about the winners of tenders
energy minister. called previously.
Civil engineer training courses opening ceremony Myanmar Energy Monitor shares these updates
weekly, depending on the availability of
On 1 February, SAC-appointed energy minister information.
Aung Than Oo attended a ceremony to mark the
introduction of training courses for civil engineers This week's award listings include tenders issued
at the training center for the MoEE in Naypyitaw. by the Electric Power Generation Enterprise
(EPGE).
The MoEE published a recap of the event.
Listing from the EPGE are as follows:
The courses will reportedly focus on sustainable
building construction; creating maps of power Signed Con-
Tender
plants, substations and other electrification Number
Description Items tract Price in
Tender MMK
projects using sky photographing technology; new Winner
technology for civil engineering works; and aspects 547,200 gallons of
of design for substations, transmission lines and 12/EPGE
Supply of fuel diesel to Thaketa
to thermal power plant
related infrastructure. (2021-2022) Denko
power plants 1,252,800 gallons Trading 12,929,400,000
(mini)
under the of premium diesel
ASEAN Energy Meetings EPGE to Thilawa power
plant
SAC-appointed Permanent Secretary Than Zaw and

other officials in the energy sector attended the B2B
Special Senior Official Meeting on Energy and COVID-19 tracker, 2 February
ASEAN Centre for Energy Meetings on 26 and 27 2-Feb 26-Jan
January, Global New Light of Myanmar reported. New cases 143 120
7-day average 290 128
Brunei hosted the online meetings during which its New deaths 0 0
Deaths 7-day average 0 0
representatives discussed Brunei’s progress on the Cumulative Deaths 19,310 19,310
ASEAN Plan of Action for Energy Cooperation Tests performed 26,826 10,291
2016-2025. Attendees also discussed cooperation Positivity rate 0.53% 1.17%
among ASEAN countries in the energy sector. Source: Myanmar Health Ministry
We note that since the military takeover, SAC

officials have been banned from high-level ASEAN
meetings, though they have generally been
permitted to attend lower-level events.
COVID-19 confirmed cases. Source: JHU CSSE
Company and Project Profiles
The Myanmar Energy Monitor database now includes over 350 companies, as well as 150
power projects and 80 offshore and onshore energy blocks.
The database is continually updated with new information.
The following are links to the Project and Company profiles that Myanmar Energy Monitor has
updated this week:
Project Updates
A - 1 + A - 3 (Shwe)
Gas-fired, Kyaiklat
M-3
M - 5 + M - 6 (Yadana)
M - 9 (Zawtika)
M-12 + M-14 (Yetagun)
Company Updates
POSCO International Myanmar
PTTEP
World Bank Group
Please note that access to our Company and Project profiles are restricted to Premium
Subscribers only.
For information on Premium Subscriptions, please contact:
Sut Eain Naw at:

sut.eain.naw@frontiermyanmar.com
Jordan Zele at:

jordan.zele@frontiermyanmar.com
NEW TENDERS
Overview
Supply of items to YESC-(1)
Deadline
1 March 2022
Contact
Office (197/199), Lower Kyeemyindine Street, YESC, Yangon
Phone: +951 220816
Description
The Yangon Electricity Supply Corporation (YESC) invites companies to bid to supply the following items in
Myanmar kyats.
 Items to be used for electrification projects to be conducted in the western part of Hlaingtharya
Township in Yangon
Tender application forms can be purchased starting from 31 January and must be submitted no later than
14:00 on 1 March 2022.
Overview
Deadline
1 March 2022
Contact
Phone: +951 220816
Description
Myanmar kyats.
 Items to be used in the construction of the 66kV GIS substation at the MOGE compound in Thaketa
Township and the 66kV HGIS substation at the Hlegu electricity office in Hlegu Township in Yangon
14:00 on 1 March 2022.
NEW TENDERS
Overview
Supply of construction service to YESC
Deadline
1 March 2022
Contact
Phone: +951 220816
Description
The Yangon Electricity Supply Corporation (YESC) invites companies to bid to supply the following services
in Myanmar kyats.
 Supply of services to install relocated transmission lines on the Dala-Twantway

(Kanbae-Pyaw Bwe Lay) Road in Hlaingtharyar Township in Yangon (turnkey system)
14:00 on 1 March 2022.
OPEN TENDERS
Overview
Purchase of petroleum products from MPE-1
Deadline
22 February 2022
Contact
Office (44), Myanma Petrochemical Enterprise, Naypyitaw
Phone: 067 3411082
Description
The Myanma Petrochemical Enterprise (MPE) invites companies to purchase the following product from
the Petrochemical Complex (Thabayarkan).
Bids are to be made in Myanmar kyats.
 2,000,000 gallons of gasoline

 500,000 gallons of CGO
14:00 on 22 February 2022.
Overview
Deadline
15 March 2022
Contact
Phone: 067 3411082
Description
The The Myanma Petrochemical Enterprise (MPE) invites companies to purchase the following products
14:00 on 15 March 2022.
OPEN TENDERS
Overview
Deadline
21 February 2022
Contact
Phone: +951 220816
Description
Myanmar kyats.
 11-6.6/0.4kV, 200kVA transformer with LA (Single pole mounted type with structure) (60 Nos)
 11/0.4kV, 200kVA transformer with LA (Single pole mounted type with structure) (40 Nos)
14:00 on 21 February 2022.
Overview
Deadline
21 February 2022
Contact
Phone: +951 220816
Description
The Yangon Electricity Supply Corporation (YESC) invites companies to bid to supply construction services
for the following project in Myanmar kyats.
 Service to install underground cables and street lights from Htauk Kyant junction to the No. 2
Yangon-Bago Express Highway junction (Turnkey system)
14:00 on 21 February 2022.
OPEN TENDERS
Overview
Deadline
22 February 2022
Contact
Phone: 067 3411082
Description
The Myanma Petrochemical Enterprise (MPE) invites companies to purchase the following product from

 500,000 gallons of CGO
14:00 on 22 February 2022.
Overview
Deadline
15 March 2022
Contact
Phone: 067 3411082
Description
The Myanma Petrochemical Enterprise (MPE) invites companies to purchase the following products the
Petrochemical Complex (Thabayarkan).
14:00 on 15 March 2022.
OPEN TENDERS
Overview
Service to construct transmission lines, substations in Tanintharyi
Deadline
17 February 2022
Contact
Electricity Engineering Office, Ye Street, Paineltaw ward, Dawei Town, Tanintharyi Region.
Phone: 059 23495, +959 43007840, 251000690, 788855520, 429871418
Description
The Tanintharyi Electricity Supply Enterprise (TESE) invites companies to bid to supply services for the
following projects to be carried out in Tanintharyi Region:
 Expansion of transmission lines and substations

 Transformer and substations installation
Bids will be made in Myanmar kyats.
16:00 on 17 February 2022.
Overview
Supply of construction service to DPTSC-1
Deadline
24 February 2022
Contact
Office (27), Power Transmission Line and System Control Department, Naypyitaw
Phone: 067 3410209, 3410282
Description
The Department of Power Transmission and System Control (DPTSC) under the Ministry of Electricity and
Energy (MoEE) invites companies to bid to supply the following services in Myanmar kyats.
 13(T)/DPTSC(PTP)2020-2021(Mini) - Service to construct the 66kV Nhan Khar substation
Tender applications forms can be purchased starting from 26 January and must be submitted no later than
14:00 on 24 February 2022.
OPEN TENDERS
Date: 22 January 2022
IFB No.: IWUMD-IHCS-BD-2022-01
Client: Irrigation and Water Utilization Management Department
Country: The Republic of the Union of Myanmar
Project Name: In-House Consultancy Services
Contract Name: In-House Consultancy Services for 4 Hydropower Dam Projects
1. The Irrigation and Water Utilization Management Department intends to select firms for In-House
consultancy services for 4 hydropower dam projects, where design and construction of dams and
hydropower plants are included.
2. Bidding will be conducted through procedures in accordance with the applicable guidelines for the
procurement under the Irrigation and Water Utilization Management Department, and is open to all
consultants from eligible source countries, as defined in the Bidding Documents.
3. Interested Consultants may obtain further information from and inspect the Bidding Documents during
office hours at:
Attention: Mr. Kaung Myat Thein, Director of Procurement Branch-1
Address: Procurement Branch-1, Irrigation and Water Utilization Management Department, Ministry of
Agriculture, Livestock and Irrigation, Office Building (No.15), Naypyitaw, Republic of the Union of
Myanmar
Telephone: +95 67 3410290, 67 410019, Fax: +95 67 3410102
Email: procurement1iwumd@gmail.com
4. A complete set of Bidding Documents may be purchased by interested Bidders to the address above
and upon payment of a non-refundable fee of MMK Fifty Thousand (Ks. 50,000) during office hours.
5. Bid must be delivered to the address below on or before 1:30pm on 14th February 2022 (Myanmar
Local Time).
Address: Procurement Branch-1, Irrigation and Water Utilization Management Department, Ministry of
Agriculture, Livestock and Irrigation, Office Building (No.15), Naypyitaw, Republic of the Union of
Myanmar
Telephone: +95 67 3410290, 67 410019, Fax: +95 67 3410102
Email: procurement1iwumd@gmail.com
OPEN TENDERS
Swiss challenge tender for Phaung Taw hydro project
The Tanintharyi Region Government invites companies to bid to implement a hydro/wind project on the
Phaung Taw Creek in Dawei Township under the Swiss challenge system.
Interested parties must submit the project proposal using the feasibility survey results prepared by Pan
Theingi Energy Company no later than 10 February 2022.
Feasibility survey data will be available at the office of the Tanintharyi Region Government, Ye street,
Dawei Town, Tanintharyi Region.
Contact: 059 23564, 23602
Overview
Deadline
14 February 2022
Contact
Phone: 067 3411082
Description
The Myanma Petrochemical Enterprise (MPE) invites companies to bid to supply the following items.
Bids to be made in Myanmar kyats.
 Supply of Woven Polypropylene bags (200,000 bags)
12:00 on 14 February 2022.
OPEN TENDERS
Date : Thursday, 6 January 2022
Tender No : 12(T)/DPTSC(PSD)/2021-2022(Mini)
Title of Assignment : In-house Consultancy Services for the Development of Power System, and the
Upgrading and Rehabilitation of Existing SCADA-EMS Myanmar
Deadline for Submission of EOI: *8th February 2022, 14:00 hr+
1. Department of Power Transmission and System Control (DPTSC) of the Ministry of Electricity and Energy
(MOEE) of the Republic of the Union of Myanmar (“the Client”) invites firms to submit EOIs for Selection
of Consulting Services for: In-house Consultancy Services for the Development of Power System, and the
Upgrading and Rehabilitation of Existing SCADA-EMS Myanmar.
2. The consulting service of the project is required to assist DPTSC and MOEE throughout the
implementation of the Power System Development Project and the Upgrading and Rehabilitation of
Existing SCADA-EMS Myanmar. The main tasks are; (i) to enhance the utilization capacity of NEPLAN
Software for Power System Analysis, (ii) to set up Centralized Disturbance Fault Recording Management
System, (iii) the scheduling for tertiary frequency control activation to all possible imbalances affected by
active and reactive power, (iv) the discrimination and coordination of protective relaying scheme, (v)
transmission system outage planning, for each and every aspects of maintenance methodologies, (vi)
upgrading and rehabilitation of the existing SCADA-EMS system, (vii) to assist the proceeding of contract
management for the Project (viii) to support the Quality Control, Quality Assurance and Least Cost
Management of the Project and (ix) transfer of know-how, advanced planning and analysis software and
tools and training.
3. The location of the Assignment is in Myanmar, and the duration is five years.
4. Quality-Cost-Based Selection (QCBS) process will be used and only the short-listed firms will be invited
to submit the Request for Proposal (RFP).
5. DPTSC will not be responsible for any costs or expenses incurred by firms in connection with the
preparation or submission of EOIs.
6. Further information and Terms of Reference (TOR) can be obtained by sending the official request via
email at the address below during office hours, 09:30 to 16:30 hours. The TOR will be sent by email.
7. EOI documents must be delivered in a written form to the address below by mail or in person before
*8th February 2022, 14:00 hr+.
Director General
Department of Power Transmission and System Control
Ministry of Electricity and Energy
Office Building No. 27, Nay Pyi Taw
The Republic of the Union of Myanmar
consultant.wg.dptsc@moee.gov.mm
+95 0673410362,+95 0673410394
OPEN TENDERS
Invitation to Bid for Hybrid Power Plant (Gas Generation and Solar Generation)
1. Electric Power Generation Enterprise (EPGE) seeks to invite tender for the purchasing electricity from
Hybrid Power Plant (Gas Generation and Ground mounted Solar Generation) on Independent Power
Producer and Build-Operate-Own Basis.
2. The concession period shall be fifteen (15) years from commercial operation date (COD).
3. Natural Gas shall be supplied 10 million cubic feet per day from EPGE.
4. Location of Hybrid Power Plant shall be as follow:
Description Location Connection point Contracted capacity Remark
132kV Magway Gas (Pass Through

Package-1 Magway 100
substation basis)
230kV Myingyan Gas (Pass Through
Package-2 Myingyan 100
(Steel Mill) substation basis)
5. In order to meet the Contracted Capacity, 100 MW, from Hybrid Power Plant, it is necessary to
implement the 100 MW Gas Generation Plant and 100 MW Ground Mounted Solar Generation Plant
6. Land acquisition for Hybrid Power Plant (including transmission line and gas pipe line right of way) shall
be arranged by the Bidder at its owned cost.
7. The Tender Form fee for each package is Ks300,000/- (Kyat three hundred thousand only) and can be
purchased at the following address within office hour from the tender announced date:
Procurement Department, Electric Power Generation Enterprise

Building 27, Nay Pyi Taw or
No.39, Procurement Department (Yangon Branch), Kanner Road, Ahlone Power Plant
Ahlone Township, Yangon
8. The bid submission date is January 6, 2022 at 14:00 Myanmar Standard Time.
9. The bidders shall prepare the proposals in accordance with the Tender Document. Bidder’s Proposals
must be submitted at the following address on time. Any late proposal shall be rejected.
10. The necessary information of this tender can be inquired within office hours.
Electric Power Generation Enterprise

Ministry of Electricity and Energy
Building 27, Nay Pyi Taw
The Republic of the Union of Myanmar
Phone: +95 9 989330333
UPDATE: The bid submission deadline was subsequently extended to February 7, 2022 at 14:00
Myanmar Standard Time.
THIS WEEK’S NEW DATA
Electricity approvals and agreements, 2018 to present*

Project Agreement Date Companies Size Current Notes
Status
Kanbauk LNG to NTP Jan-18 Total & Siemens AG 1,230 MW Unbuilt; PPA Scale back or
power under cancellation
negotiations under
discussion in
June 2019
Mee Laung NTP Jan-18 Zhefu Group, 1,390 MW Unbuilt; PPA Invitation for
Gyaing LNG to Supreme Trading under pre-
power negotiations qualification
for EPC
contractors
issued in May
2020
Thauk Ye Khat-2 PPA Mar-18 Golden Energy 120 MW Finished in Occurs
(Asia World) 2013 every five
approximately years
Nam Paw PPA Jul-18 Great Hor Kham 20MW Unbuilt; First PPA
hydropower project under NLD, up
delayed over for
price concerns renewal every
five years; MIC
approval
December
2017
Chipwe Nge PPA July-18 Upstream 99MW Finished 2017 MIC approval
hydropower Ayeyarwady approximately and PPA given
Confluence Basin after project
Hydropower completion
Deedoke NTP Aug-18 Andritz Hydro, 51MW Unbuilt; PPA
hydropower Kansai Electric under
Power, High Tech negotiations
Construction (Shwe
Taung)
Shweli-3 NTP Sep-18 Électricité de 671MW Partly built; The
hydropower France (EDF), PPA under consortium
Marubeni negotiations suspended the
Corporation, project
Ayeyar Hinthar and following the
Ministry of military coup
Electricity and on 1 February
Energy 2021
Shweli-1 PPA Sep-18 Shweli-1 600MW Finished in Recurring; 10th
hydropower Company (Yunnan 2009 PPA
United Power approximately
Development and
UREC)
Project Agreement Date Companies Size Current Notes

Status
Kyaukse PPA Nov-18 Powergen 145MW Finished May New MIC
gas-fired Kyaukse (NIHC, 2019 approval given
MCM, SEPCOIII) September 2019;
fast-track
project
Myingyan II PPA Nov-18 VPower and Zeya 110MW Finished 60 month PPA
gas-fired and Associates March 2019 eligible for
extension; new
MIC
approval given
February 2019;
rental project
Hlawga MoU Nov-18 Golden Green 154MW Target Plant upgrade

combined-cycle, Energy completion
March 2019;
believed to be
ongoing
Upper PPA Dec-18 Neo Energy Oasis 30.4MW Project 45%
Baluchaung Development completed as
hydropower of December
2018
Mone Loan May-19 MoEE/MoALI 75MW Works not Plant
hydropower approved (owner) started upgrade
funded by AFD
loan
Ye Naw Loan May-19 MoEE/MoALI 25MW Works not Plant

hydropower approved (owner) started upgrade
funded by AFD
loan
Zangtu hydro Loan May-19 MoEE (owner) 20MW Works not Plant
power approved started upgrade funded
by AFD loan
Thapenzeik Loan May-19 MoEE/MoALI 30MW Works not Plant

hydropower approved (owner) started upgrade funded
by AFD loan
Project Agreement Date Companies Size Current Note on

Status agreement
Ahlone gas-fired Tender Sep-19 China Energy 151.54 MW Reportedly No MIC

awarded Engineering Group, 78% complete approval
Hunan Electric and given, no
Power Design generating PPA
Institute, China ITS 100MW in announced
Holding, Shenzen May 2020
Shennan Power Gas
Turbine
Engineering
Technique
Kyaukphyu PPA Oct-19 Kyaukphyu Electric 135MW Around 35% MIC
combined cycle Power Company complete as of approval
(PowerChina, December given
Supreme Trading) 2020; January
completion 2020
targeted for
2021
Myanaung Announced Jan-20 MoEE 35MW Planned for Plant
gas-fired FY2019/20 but upgrade
appears to be
delayed
Shwetaung MIC Jan-20 MCM Power 40MW Finished in To be
gas-fired summer 2020 upgraded to
70MW
Kyun Chaung PPA Jun-20 VPower 20.54 MW Completed in Initial PPA
gas-fired June 2020 term is 24
months
Thanlyin LNG to PPA Jul-20 VPower, CNTIC 410.2MW Believed to be Initial PPA
power partly term is 60
operational as months
of fall 2020
Thaketa LNG to PPA Jun-20 VPower, CNTIC 477.1 MW Commercial Initial PPA
power operation term is 60
began “in months
phases” on 14
June 2020
Ywama Loan Jun-20 MoEE 300MW Tenders/EoIs Plant
combined cycle approved called; to be upgrade
completed by funded by
2026 World Bank
loan
Kyaukse ESIA Jul-20 MoEE 300MW JICA loan to Feasibility
combined cycle submitted fund project in studies
proposal completed
stage, likely on by JICA
hold following
coup
Thilawa LNG to NtP Jul-20 Eden Group, 1,250MW Unbuilt;PPA in To be built
power Marubeni negotiations under
Corporation, 25-year BOT
Sumitomo arrange-
Corporation, Mitsui ment
& Co
Project Agreement Date Companies Size Current Note on agreement

Status
Kyaukphyu PPA Jul-20 VPower, CNTIC 172.2MW Unbuilt; Initial PPA term is 60
LNG to possibly months
power under
renegotiation
Kyaiklat NtP Dec-20 PTTEP 600MW FID targeted Planning for 20-year
gas-fired for 2020 BOT contract with
5-year extension
Ahlone LNG PPA Jan-21 TTCL 388MW Financial 25-year BOT contract;
to power close MIC approval granted
targeted for May 2020
2022; COD
targeted for
2024
*The list does not include the 29 solar project tendered out in summer 2020.
Premium subscribers can view a full list of electricity approvals and agreements from 2015-present on
the Myanmar Energy Monitor website or by clicking here.
Retail fuel prices by week, 2021-2022 (Ks/per litre)
Octane 92 Octane 95 Diesel Premium Diesel
MPTA YP Denko MPTA YP Denko MPTA YP Denko MPTA YP Denko
W/E 2 Feb Ks1605 - Ks1605 Ks1675 - Ks1660 Ks1630 - Ks1630 Ks1640 - Ks1640
W/E 26 Jan Ks1545 - Ks1565 Ks1610 - Ks1615 Ks1580 - Ks1590 Ks1590 - Ks1600
W/E 22 Dec Ks1305 - Ks1305 Ks1355 - Ks1355 Ks1280 - Ks1280 Ks1290 - Ks1290
W/E 25 Nov Ks1335 - Ks1315 Ks1384 - Ks1365 Ks1295 - Ks1275 Ks1305 - Ks1285
1800
1600
1400
1200
1000
800
600
400
200
0
19-Apr 19-May 19-Jun 19-Jul 19-Aug 19-Sep 19-Oct 19-Nov 19-Dec 19-Jan
Octane 92 Octane 95 Diesel Premium
Source: Myanmar Petroleum Trade Association. Myanmar Ks per litre
Note: The original source refers to the figures as "fuel prices". According to our surveys of petrol stations, they are largely in line with retail prices in
Yangon. The source notes that retail prices may vary from location to location due to transportation costs.

Average retail prices of fuel in Myanmar (Kyat/Gallon)
Yangon Pyinmana Lewe Tatkone
Petrol Diesel Petrol Diesel Petrol Diesel Petrol Diesel
2 Feb 7,223 7,335 7,493 7,695 7,448 7,695 7,493 7,740
26 Jan 7,043 7,155 7,268 7,515 7,268 7,515 7,313 7,560
19 Jan 6,953 7,065 7,178 7,403 7,178 7,425 7,223 7,470
12 Jan 6,548 6,525 6,773 6,885 6,773 6,885 6,818 6,930
5 Jan 6,255 6,188 6,480 6,548 6,480 6,548 6,525 6,593
22 Dec 5,783 5,670 6,008 6,030 6,008 6,030 6,053 6,075
15 Dec 5,918 5,805 6,143 6,165 6,143 6,165 6,188 6,210
8 Dec 5,625 5,535 5,850 5,895 5,895 5,940 5,940 5,985
2 Dec 5,625 5,535 5,850 5,895 5,850 5,895 5,895 5,940
24 Nov 5,918 5,738 6,143 6,098 6,143 6,098 6,188 6,143
16 Nov 6,098 5,918 6,323 6,278 6,323 6,278 6,368 6,323
10 Nov 6,390 6,210 6,570 6,503 6,615 6,570 6,660 6,615
3 Nov 6,458 6,075 6,638 6,413 6,683 6,413 6,728 6,458
27 Oct 6,503 6,120 6,728 6,480 6,728 6,458 6,773 6,503
18 Oct 6,674 6,833 6,840 7,200 6,840 7,200 6,885 7,245
14 Oct 6,447 6,492 6,638 6,773 6,615 6,773 6,660 6,818
7 Oct 6,606 6,583 6,773 6,863 6,773 6,863 6,818 6,908
30 Sep 6,833 6,810 8,123 8,190 6,998 7,088 7,043 7,133
23 Sep 5,607 5,584 5,783 5,873 5,783 5,873 5,828 5,918
9 Sep 2,350 2,550 2,540 2,810 2,475 2,770 2,500 2,790
29 Jun 4,630 4,540 4,748 4,770 4,748 4,770 4,793 4,815

Myanmar Energy Monitor notes that the CSO stopped publishing these figures on a weekly basis in February. We publish new figures as they
become available.
27 Jan 3,000 3,150 3,080 3,330 3,105 3,350 3,130 3,375
20 Jan 3,000 3,150 3,080 3,330 3,105 3,350 3,130 3,375
Source: Central Statistical Organization
Installed capacity by week, 2021-2022
Other state/
Maximum Total installed Naypyitaw Yangon Mandalay
region
installed capacity per electricity electricity electricity
electricity
capacity (MW) day (MWh) usage (MW) usage (MW) usage (MW)
usage (MW)
W/E 5 Jan 3,097.0 59,327.0 139.0 1,264.2 500.0 1,381.0
W/E 22 Dec 3,138.1 60,783.0 138.0 1,349.0 489.2 1,316.4
W/E 15 Dec 3,188.1 61,608.0 143.0 1,334.0 534.0 1,321.0
W/E 8 Dec 3,202.0 61,121.2 143.2 1,263.2 514.1 1,333.0
W/E 1 Dec 3,362.0 65,649.4 139.4 1,352.3 551.0 1,577.0
W/E 23 Nov 3,358.4 68,716.1 159.0 1,431.3 561.0 1,506.0
W/E 6 Oct 3,710.0 72,408.1 146.2 1,452.1 615.0 1,601.0
W/E 29 Sep 3,601.3 67,418.2 159.0 1,348.0 561.0 1,620.0
Myanmar Energy Monitor notes that the MoEE stopped publishing installed capacity data between 3 February and 28 September 2021.
Intermittent publication resumed at the end of September. We will publish new installed capacity data as it becomes available.
W/E 2 Feb 3,385.0 61,645.0 128.0 1,310.0 517.1 1,502.4
W/E 26 Jan 3,433.0 63,950.0 133.1 1,364.0 533.0 1,499.0
W/E 19 Jan 3,446.1 62,783.1 132.0 1,372.0 546.4 1,432.3
W/E 13 Jan 3,245.3 59,801.0 132.0 1,479.4 506.1 1,469.0
W/E 6 Jan 3,544.0 64,145.4 137.0 1,421.0 526.1 1,543.4
W/E 23 Dec 3,687.0 62,601.0 140.0 1.415.0 563.0 1,569.0
W/E 16 Dec 3,756.0 65,399.0 137.0 1,485.0 566.0 1,568.3
W/E 9 Dec 3,452.0 54,768.1 133.0 1,260.0 584.3 1,478.0
W/E 1 Dec 3,741.2 65,463.0 143.0 1,471.2 574.4 1,553.0
W/E 24 Nov 3,809.1 66,885.3 140.4 1,526.2 551.0 1,592.9
Source: Ministry of Electricity and Energy
CALENDAR
Date: 21 – 22 July 2022

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Issue 332| 3 February 2022

 Fitch expects TotalEnergies, Chevron withdrawal to strain gas power market

 World Bank projects 1% growth in 2022

PTTEP announces surveys

 PTTEP conducting survey work for new pipeline

 Electricity approvals and agreements, 2018 to present

The research house expects that gas power

These predictions were made in the wake of

TotalEnergies’ is expected to end its term as

Many observers have suggested that PTTEP, the

CNTIC-VPower, the operator of the country’s only

The military administration reportedly blessed this

This situation is likely to be worse this year, with

Myanmar’s economy could achieve 1% growth in

Readers can access the full Myanmar Economic

Low rates of COVID-19 infections and a recovery in

Additionally, the World Bank projects that the

Around 35% of total FDI committed, or $95m,

The World Bank also notes that while company

At the same time, international companies

Energy companies cited by the World Bank which

Myanmar’s three other offshore areas were

Higher fuel prices have driven up transportation

There is the possibility too that Western

If sanctions are introduced, this could impact

Rising fuel prices contribute to inflation

Fuel prices steadily increased throughout 2021 in

Source: Justice for Myanmar

Source: Justice for Myanmar

Exploration About the 600MW Kyaiklat gas-to-power project

Between 27 January and 25 May geophysical site

In late 2020, PTTEP conducted a 24" nearshore

Imports and distribution Fuel prices peaked in early October at between

Yetagun offshore area The M-3 offshore block

Facing mounting cash flow problems, the military

This Civil Disobedience Movement and National

As electricity suppliers have begun shutting off

Myanmar Brewery has faced boycott calls from

In 2019, Kirin’s Myanmar business recorded an

A total of 15 fuel stations owned by Denko Trading,

Yangon electricity offices An explosion occurred at Lanmadaw Township

The NUG has appointed U Soe Thura Tun as its B2B

SAC-appointed Permanent Secretary Than Zaw and

We note that since the military takeover, SAC

COVID-19 confirmed cases. Source: JHU CSSE

Company and Project Profiles

The database is continually updated with new information.

For information on Premium Subscriptions, please contact:

Sut Eain Naw at:

Jordan Zele at:

Phone: +951 220816

Phone: +951 220816

Phone: +951 220816

 Supply of services to install relocated transmission lines on the Dala-Twantway

Phone: 067 3411082

Bids are to be made in Myanmar kyats.

 2,000,000 gallons of gasoline

Phone: 067 3411082

Bids are to be made in Myanmar kyats.

 2,000,000 gallons of gasoline

Phone: +951 220816

Phone: +951 220816

Phone: 067 3411082

Bids are to be made in Myanmar kyats.