RGKZNA signs MoU with Vestas for collaboration on wind power projects in Myanmar

June 11^th 2015, Yangon, Myanmar:  RGKZNA (A RGK +Z&A Group), signed a Memorandum of Understanding with Vestas Asia Pacific Wind Technology. 

RGKZNA, A leading power developer in Myanmar today signed a Memorandum of Understanding with Vestas, world’s leading wind turbine manufacturer from Denmark. The MoU was signed in the presence of His Excellency Mr. Peter Lysholt Hansen, Royal Danish Ambassador to Myanmar, at the Ambassador’s private residence.

The partnership will initially focus on the development of a wind project of up to 32 MW located in southeastern region of Myanmar’s Mon State. In addition to this, the two companies have also established the willingness to build up a long-term cooperation on project construction, technical support, service, financing, and personnel training in order to support the development of additional wind power projects in the future.

“We always take pride as a leading power developer in Myanmar and this is another milestone to fulfill the energy requirement of Myanmar. This is one of our key strategic initiatives to enter into renewable energy sector, and I am delighted to join hands with Vestas, which has a proven track record in the wind energy industry around the globe,” said Mr Zeya Thura Mon, Chairman/CEO, RGK+Z&A Group.

“Vestas will continue to have a strong strategic focus on emerging markets like Myanmar, and is pleased to collaborate with RGKZNA to support the development of renewable energy projects in the country,” said Giorgio Fortunato, Head of Marketing for Vestas Asia-Pacific & China. “The country is facing the challenge of rapidly increasing power demand and wind energy can provide a sustainable solution to energy security and at the same time a sound business case for investors”.