Myanmar Dealbook: Industrial estate developer Amata to enter Myanmar; Thailand and Singapore to invest $400m in solar parks

Photo: Amata.

Thailand’s industrial estate developer Amata Corp is planning enter in Myanmar by 2020. On the energy sector, two companies from Thailand and Singapore are preparing to invest $400 million in solar energy.

Industrial estate developer Amata preps to enter Myanmar

Thailand’s leading industrial estate developer, Amata Corp is eying to expand to Myanmar by 2020. One reason is slowdown of the Thai economy that was partly responsible for Amata’s revenue plummeting by nearly half this month.

Amata is expected to generate about five percent of the total revenue for 2020 in Myanmar, said Stephen Siew, chief financial officer of Amata as quoted by Reuters.

In Thailand, Amata’s operations are in Amata Nakorn industrial estate in the eastern city of Chonburi and Amata City in the eastern province of Rayong.

Amata plans to expand in Vietnam by spending $200 million to develop two industrial estates, Amata City Bien Hoa and Amata City Long Thanh, a high tech industrial park near Ho Chi Minh City. Amata VN is also looking into getting two licenses to develop another two projects.

Thailand and Singapore plans on invest over $400 m Solar investment

Myanmar has received proposals from two companies from Thailand and Singapore to invest in solar energy.

“Thailand is interested in establishing a 220 megawatt solar energy in Magwe Region and Singapore company for a 150 megawatt solar investment in Mandalay Region,” said Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration.

The investment amount could reach over $400 million. The two companies have already undergone tests and assessments relating to the environment at the region, said industry sources.

Also Read: 

Exclusive: AMATA VN to invest $200m in Vietnam’s industrial park

Thailand: Amata Corp forms JV to produce gas for clients in industrial estates

Vintage buys stake in Myanmar solar plant firm

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.