Millcon Steel’s update to the Stock Exchange of Thailand identifies Convalt Energy Myanmar Company Limited as the seller under a power purchase agreement signed with Electric Power Generation Enterprise on 28 March 2016.
A long-term electricity-sale framework
The disclosure describes a 30-year electricity-sale term beginning with commercial operation and a contracted sale volume of 300 MWp. It separately outlines a proposed solar farm capacity of approximately 360 MWp, with an initial 60 MWp construction phase.
Development position in December 2020
Financial documents had not yet been signed, so the agreement’s 540-day delivery timetable had not begun. Millcon reported negotiations to extend the financing deadline and COVID-related delays to the investment and construction plans.