Parami Energy is pleased to announce that Parami Renewable Energy, Électricité de France (EDF), and the Magwe Regional Government have signed a Memorandum of Understanding (MOU) to explore the possibility of bringing electricity via a 100% solar mini-grid of 3MW to over 7,000 households in Yesago Township, Magwe Division.
The Yesago area is located at the confluence of the Chindwin and Irrawaddy Rivers. The island has 42 villages had no road access and will not receive the national grid for years to come. This geography and population is well suited for a distributed energy system such as a mini-grid.
This is Myanmar’s first MOU for mini-grids of this scale. Providing access to energy can offer people in rural areas a supply of reliable, localized, and environmentally friendly power that can benefit the wider society, as well as foster SMEs and cottage industries. Once this proof of concept is demonstrated to be commercially, socially, and environmentally viable, it is Parami’s vision to scale up distributed energy systems across the country’s remote off-grid areas.
EDF, a French state owned utility, is a leading company in the energy field. EDF has developed specific know-how in off-grid rural electrification for more than 20 years. The programmes EDF has launched with various partners now deliver electricity to more than 500.000 people in South Africa, Morocco, Mali and Senegal.
Parami Energy is a group of 13 companies that are centrally managed in Yangon, Myanmar. Founded in 2004, Parami began as an engineering-service provider, but quickly grew into the Parami Energy Group of Companies. Our main businesses are now in Oil & Gas, Construction, and Power, but we also work in the tourism and event-planning sectors. Parami Energy is committed to renewed focus on Renewable Energy and rural electrification across Myanmar. It is Parami’s vision to electrify the country in a sustainable and inclusive manner.