Yoma Micro Power Myanmar Limited

Electronics

Member Since: 2020

About

Company Profile not exceeding 1300 characters with spaces.: YMP is the first renewable energy company in Myanmar to offer the PPA model (also called “opex model”) to its customers whereby the customer pays for the electricity consumed by them, without requiring any upfront investment. YMP is funded by the Yoma Strategic Holdings, Norfund and International Finance Corporation with a total funding of US$68M till date. Currently, YMP is serving three different customer segments, providing renewable energy for a) off-grid telecom towers, b) off-grid rural households, and c) on-grid and off-grid commercial and industrial customers. YMP has an established operation and maintenance structure that has been maintaining high availability of its power plants, with uptimes above 99.95% across its portfolio of sites. With more than 75% of YMP’s workforce, YMP focuses on preventive maintenance besides rectification of any issues that come up from time to time. All YMP power plants are monitored at a 24x7 Network Operations Center located in Yangon and O&M engineers are immediately dispatched to resolve issues as required. YMP’s mission is to develop a better Myanmar for its people by harnessing sustainable energy resources. With more than 300 operating power plants as of September 2020, YMP is targeting to build 2000 power plants over the next few years and expand its mini grids to provide service to 2 million people. In the C&I sector, YMP expects to build 100MWp+ of solar to add to the generation capacity of Myanmar.

Street Address: Available to Members

Email Address: Available to Members

Company Website Address: http://www.yomamicropower.com