ENGIE ASIA PACIFIC (SINGAPORE) PTE. LTD. UEN: 201842688N 108 Pasir Panjang Road #03-01 Golden Agri Plaza Singapore 118535 T: +65 6513 8288 F: +65 6261 2608 W: engie.com

 

   Mandalay  Yoma  Energy  (ENGIE-­Sol  Partners  Joint  Venture)  starts  operating  the  biggest  

mini-­grid  serving  rural  households  in  Myanmar    

 Mandalay  Yoma  Energy  uses  solar  hybrid  technology  to  provide  renewable  electricity  to  10,000  households  in  Myanmar  

 SINGAPORE,   3   December   2019   –   According   to   the   International   Energy   Agency1,  decentralised   solutions   such   as   mini-­grids   are   the   most   cost-­effective   option   to   deliver  electricity  to  more  than  70  percent  of  Myanmar’s  population  that  do  not  have  access  to  modern  day  forms  of  electricity  today.      Today,  Mandalay  Yoma  Energy,  a   joint  venture  between  GDF   International  SAS  (GDFI),  a  member   of   the   ENGIE  Group   (“ENGIE”)   and   Sol   Partners   Pte.   Ltd.   (“Sol   Partners”)   have  officially   opened   the   biggest   mini-­grid   in   Myanmar,   providing   electricity   to   close   to   400  households  in  Lel  Ma  village,  Magway  region,  Myanmar.  The  ceremony  was  attended  by  high-­level   representatives  of   the  Myanmar  government,   including   the  Chief  Minister   of  Magway  region,  Director  General  of  the  Department  of  Rural  Development,  the  French  Ambassador  to  Myanmar  as  well  as  the  press.    In   the   near   future,   Mandalay   Yoma   Energy   aims   to   provide   access   to   energy   to   tens   of  thousands  of  households  across  rural  Myanmar.  The  joint  venture  will  also  oversee  the  design,  

                                                                                               1  International  Energy  Agency,  Energy  Access  Outlook  2017  

Press  release  3  December  2019  

                                                         

  ENGIE ASIA PACIFIC (SINGAPORE) PTE. LTD. UEN: 201842688N 108 Pasir Panjang Road #03-01 Golden Agri Plaza Singapore 118535 T: +65 6513 8288 F: +65 6261 2608 W: engie.com

supply,   installation  and  operation  of   solar  and  hybrid  mini-­grids,   enabling  significant   socio-­economic  development.    With  reliable  electricity  by  Mandalay  Yoma  Energy,  the  mini-­grids  will  allow  the  expansion  and  creation  of  new  micro-­enterprises,  which  will  in  turn  enable  economic  growth  to  thousands  of  people  within  the  villages.  In  the  communities  electrified  by  Mandalay  Yoma  Energy,  the  social  impact  of  electricity  access  has  shown  improvements  to  health,  safety  and  education.    The  development  of  projects  will  be  under  the  Department  of  Rural  Development’s  mini-­grid  programme  that  is  aligned  with  the  Myanmar  National  Electrification  Plan  2030.  Supported  by  the  World  Bank,  the  plan  aims  to  electrify  100%  of  Myanmar’s  households  by  2030.      By  combining  ENGIE’s  global  expertise  as  an  established  leader  in  renewable  energy  and  Sol  Partners’  local  experience  as  a  leader  across  the  renewable  energy  sector  in  Myanmar,  the  joint   venture   will   promote   access   to   clean   and   reliable   energy,   supporting   Myanmar’s  Government  in  reaching  its  goal  of  universal  access  to  electricity  in  the  country.        Paul  Maguire,  CEO  of  ENGIE  Asia-­Pacific  said,  “ENGIE  continues  to  be  a  leader  in  the  zero-­carbon   transition   towards   low-­carbon   power   generation,   with   a   key   focus   on   championing  electrification  across  the  Asia  Pacific  region.    As  a  testament  of  our  support,  we  are  pleased  to   partner  with  Sol   Partners   and   establish  Mandalay  Yoma  Energy   as   our   joint   venture   in  Myanmar  to  create  future-­ready,  clean  and  sustainable  energy  solutions.  This  collaboration  is  a  significant  milestone  towards  our  vision  of  providing  20  million  people  around  the  world  with  access  to  sustainable,  decentralised  energy  by  2020.”      “Sol   Partners   is   delighted   to   work   with   ENGIE   on   this   landmark   project.   This   investment  demonstrates  growing  momentum  for  electricity  access  across  remote  areas  of  Myanmar  and  we   see   tremendous  potential   in   the  partnership   as  we   strive   to   deliver   sustainable  energy  access  to  more  homes  and  enhance  the  quality  of  our  services  for  end  customers,”  said  Kapil  Seth,  CEO  of  Mandalay  Yoma  Energy  and  Director  of  Sol  Partners  Pte  Ltd.    

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About  ENGIE    Our  group  is  a  global  reference  in  low-­carbon  energy  and  services.  In  response  to  the  urgency  of  climate  change,  our  ambition  is  to  become  the  world  leader  in  the  zero  carbon  transition  of  our  customers,  in  particular  businesses  and  local  authorities.  We  rely  on  our  key  businesses  (renewable  energy,  gas,  services)  to  offer  competitive  turnkey  solutions  "as  a  service".    With   our   160,000   employees,   our   customers,   partners   and   stakeholders,   we   are   a   community   of   Imaginative  Builders,  committed  every  day  to  more  harmonious  progress.    Turnover  in  2018:  60.6  billion  Euros.  The  Group  is  listed  on  the  Paris  and  Brussels  stock  exchanges  (ENGI)  and  is  represented  in  the  main  financial   indices  (CAC  40,  DJ  Euro  Stoxx  50,  Euronext  100,  FTSE  Eurotop  100,  MSCI  

                                                         

  ENGIE ASIA PACIFIC (SINGAPORE) PTE. LTD. UEN: 201842688N 108 Pasir Panjang Road #03-01 Golden Agri Plaza Singapore 118535 T: +65 6513 8288 F: +65 6261 2608 W: engie.com

Europe)  and  non-­financial  indices  (DJSI  World,  DJSI  Europe  and  Euronext  Vigeo  Eiris  -­  World  120,  Eurozone  120,  Europe  120,  France  20,  CAC  40  Governance).      About  Sol  Partners    Sol  Partners  Pte.  Ltd.  is  a  Singapore-­based  company,  investing  in  renewable  energy  in  South  East  Asia  and  the  Middle  East.  In  Myanmar,  the  company  has  invested  in  four  companies,  all  specialized  in  renewable  energy:  Off-­grid  renewable  energy  solutions,  Commercial  &  industrial  rooftop  and  ground-­based  solar,  utility  scale  renewable  energy  and  telecom  renewable  energy  solutions.      About  Mandalay  Yoma  Energy    Mandalay  Yoma  Energy   is  Myanmar‘s   leading  solar  energy  company,  providing   top-­quality  solar  solutions.  The  company  has  established  a  strong  portfolio  of  solar  projects  in  Myanmar.  By  designing,  implementing  and  operating  solar  hybrid  off-­grid  systems,   the  company  has  been  able   to  positively  affect   livelihoods  of    10,000  households  currently  providing  energy  where  it  is  most  needed.  To  learn  more:  www.yomamandalay.com      Press  contacts:    Evelyn  Goh  Head  of  Communications  and  CSR  ENGIE  Asia-­Pacific  E:  evelyn.goh@engie.com    M:  +65  9832  7071    

Danny  Lim  Director  IN.FOM  on  behalf  of  ENGIE  Asia-­Pacific  E:  danny@infom.asia  M:  +65  9118  8496  

Nathalie  Risteau  Director,  External  Relations  Mandalay  Yoma  Energy  E:  nathalie@yomamandalay.com    M:  +95-­9253852465    

Nyein  Administrative  Assistant  Mandalay  Yoma  Energy  E:  nyein@yomamandalay.com  M:  +95-­9797109479