26 Mar 2019
Potential investment into Mandalay Yoma
Partner Alroy Chan acted as transaction counsel to Sol Partners Pte Ltd on the sale of a minority stake in Mandalay Yoma Energy Company Limited, a Myanmar-focused off-grid energy specialist and market leader in Myanmar’s PV mini-grid industry, to ENGIE Group. This is part of Myanmar’s national programme for total electrification by 2030. Under this new partnership and the country’s mini-grid programme, Mandalay Yoma Energy Company Limited plans to implement solar mini-grids in remote villages without access to Myanmar’s national grid.