DagonKhan Posted August 28, 2014 Share Posted August 28, 2014 Myanmar’s Solar Ambitions Kickstarted With $480 Million ACO PactMyanmar will expand its sources of clean energy through an agreement with ACO Investment Group, a U.S.-based private-equity fund focusing on Asian emerging markets, to develop two solar-energy plants. The project, consisting of two 150-megawatt solar facilities, is valued at $480 million, according to a release from the Office of the U.S. Trade Representative. The plants are expected to account for 10 percent to 12 percent of Myanmar’s power generation when completed in 2016, the release said. The undertaking comes as the country begins to put a policy structure in place to encourage renewable energy. Continues here:- http://www.bloomberg.com/news/2014-08-28/myanmar-s-solar-ambitions-kickstarted-with-480-million-aco-pact.html Link to comment Share on other sites More sharing options...
DagonKhan Posted August 28, 2014 Author Share Posted August 28, 2014 US Fund in Deal to Build Myanmar Solar Plants YANGON, Myanmar — Aug 28, 2014, 7:54 AM ET A U.S investment group has signed a $480 million deal to build two solar energy plants in central Myanmar, one of the largest investments by an American firm since the easing of U.S. sanctions. The agreement, inked by the ACO Investment Group and the Ministry of Energy, is aimed at helping ease electricity shortages in the country of 60 million, which only recently emerged from a half-century of military rule and self-imposed isolation. Continues here:- http://abcnews.go.com/International/wireStory/us-fund-deal-build-myanmar-solar-plants-25156596 Link to comment Share on other sites More sharing options...
DagonKhan Posted August 28, 2014 Author Share Posted August 28, 2014 (edited) Solar-Energy Deal to Increase U.S. Investment in Myanmar Project to Be Managed by Company Owned by ACO Investment Updated Aug. 28, 2014 7:37 a.m. ET A Burmese man sat next to a construction site on April 19 in Yangon, Myanmar. U.S. investment will increase with a plan to develop solar energy plants in the country. Getty Images A New York-based alternative investment manager on Thursday said it would invest about US$480 million to develop solar energy plants in Myanmar, one of the largest U.S. investments in the country since economic sanctions were eased two years ago. Continues here:- http://online.wsj.com/articles/solar-energy-deal-to-increase-u-s-investment-in-myanmar-1409217493 Edited August 28, 2014 by DagonKhan Link to comment Share on other sites More sharing options...
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