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Myanmar Crisis

Myanmar junta's solar power bid tests post-coup investor sentiment

Western money uncommitted while China state companies said to be held back

Yangon at night: The junta's solar power tender will be a litmus test on investor sentiment.

BANGKOK/YANGON -- Myanmar's junta has launched an ambitious scheme to build solar farms that can generate up to 320 megawatts across the heartland regions, areas dominated by the predominantly Buddhist Bamar population, in a major test of investor confidence in the new regime.

The Ministry of Electricity and Energy on May 24 issued a tender to build solar power facilities on 12 sites across central Myanmar that would generate between 20MW and 40MW each, on a build-operate-own basis for 20 years, according to tender documents seen by Nikkei Asia.

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