Financing on-site power in Myanmar On-site power for off-grid telecom tower Grid-tied rooftop solar for commercial customer
36 million Ø Number of Myanmar people without electricity 217 kWh Ø Average annual per capita energy consumption 15% Ø Annual growth rate of electricity 30% Electrification in Myanmar Ø Electricity supply deficit
Grid tariffs went up on 1 st July, 2019 - prior increase in 2014 On-site grid-tied solar could potentially compete at the highest consumption bracket
YMP Customer C & I Business YMP Customer C & I Business Ø Makes all capital Ø Offers roof space Ø Makes all capital Ø Offers roof space Model Model investment investment for solar panels for solar panels Ø Builds, Owns, Ø Signs Power Ø Builds, Owns, Ø Signs Power Operates & Purchase Operates & Purchase Maintains Solar Maintains Solar Agreement (PPA) Agreement (PPA) System with YMP System with YMP Ø Bills customer on Ø Bills customer on monthly basis for monthly basis for electricity electricity consumed on per consumed on per kWh basis kWh basis
Off-grid Telecom Tower Business Model 2 Provide electricity to 1 anchor tenants at per Build-own-operate kWh or fixed monthly micro-power plants tariff & mini-grids 3 Provide electricity to surrounding villages at per kWh or monthly packaged rates 5
(A) Myanmar Rural Market (A) Anchor Customer – telecom towers • 13,000 off-grid telecom towers run on diesel (B) • Noise pollution from diesel impacts rural villages (B) Business Customers – mills, pumps • 300,000 mills, pumps and other machinery using diesel (C) (C) Community – village households • 6,500,000 homes rely small solar home systems, candles, kerosene, firewood
Telecom Towers as Anchor Customers • 10+ year Power Purchase Agreement • 24x7 base load
Scalable Design & Processes • A modular, scalable approach • Designed to support demand growth • Modular and scalable design • Repeatable & scalable processes • Site acquisition • Procurement • Installation & Commissioning • Remote Monitoring
Yoma Micro Power Shareholders Yoma Group – 35% • Myanmar conglomerate into real estate, banking, tourism, telecom, consumer and agriculture • Ranked in the top 5% of Governance and Transparency Index 2017 Norfund – 30% • Norwegian Development Finance Institution • Helping countries like Myanmar fight poverty through economic growth, employment International Finance Corporation – 30% • Part of the World Bank Group • Funding responsible and sustainable private sector development in countries like Myanmar $22M of Yoma Micro Power’s financing to date is through equity $6M in concessionary debt 9
Building a better Myanmar for its people
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