France’s Engie has acquired a minority stake in Mandalay Yoma Energy, with which it plans to embark on a programme of electrification across rural Myanmar. Mandalay Yoma specialises in providing off-grid energy, and has focused on solar mini-grid projects in Myanmar since the company’s inception in this month. Some 27 million people in the southeast Asian country live without access to electricity, and the partnership with Engie will enable Mandalay Yoma to deploy mini-grids combining solar, diesel and battery storage in rural villages that are located far from the country's national grid.
France’s Engie has acquired a minority stake in Mandalay Yoma Energy, with which it plans to embark on a programme of electrification across rural Myanmar. Mandalay Yoma specialises in providing off-grid energy, and has focused on solar mini-grid projects in Myanmar since the company’s inception in 2014. Some 27 million people in the southeast Asian country live without access to electricity, and the partnership with Engie will enable Mandalay Yoma to deploy mini-grids combining solar, diesel and battery storage in rural villages that are located far from the country's national grid.