Yangon, Myanmar (February 17th 2014) –Myanmar Electric Power Enterprise (‘MEPE’), the state owned electricity company of Myanmar, and MAXpower (Thaketa) Co. Ltd (“MAXpower”), a Myanmar power generating subsidiary of the Navigat Group, today executed a Power Purchase Agreement (“PPA”) in relation to the construction and operation of a fifty (50) MW gas-fired power plant located within the Thaketa district of Yangon, Myanmar’s largest city. The plant will utilise the efficient and advanced technology of sixteen (16) GE’s (General Electric) Jenbacher gas engines. MAXpower’s has invested US$35MM in the plant which is now fully operational.

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