Myanmar Solar Tender Update: Bid Clarifications and Tax Structure

With a little more than 2 weeks to go, we are entering the final stretch for the bid submission on 17 July 2020 for Myanmar’s 1Gig solar tender. Bidders are now collating the right documents, choosing the right entity, and finalising the financial models.  

As VDB Loi has been following this tender closely since the start with two previous webinars, we will now focus on whats new in EPGE’s Clarifications nr. 4 and nr. 5, and we will go into more detail on the tax implications of solar projects in Myanmar. 

Highlights

• Which land documents are accepted by EPGE? Which documents are not sufficient? 
• Can we use an SPV after we win the award? 
• The latest EPGE guidance on battery energy storage system (BESS)
• Which parts of the PPA are still up for negotiation?  
• Taxation: which taxes apply to the solar project? 
• Taxation of the EPC: which taxes apply to the payments the project company makes to the EPC provider? 

Program

Our Energy and Infrastructure team is working on approximately 80% of the Power deals in Myanmar. The energy and infrastructure team in our firm has one goal: using the unique local knowledge and relationships we have spent years building up, to give your deal the edge. We are the ultimate in ground connectivity. International financial institutions are confident in our advice, choosing us for several of their largest-ever financing transactions in our markets. Governments trust us to act for them on their privatizations and private sector partnerships. Our ability to navigate government administrations is exceptional, saving precious time on approval processes and improving the transparency of infrastructure projects.