The idea for the Myanmar Rural Electrification Fund was born from a January 2016 group trip to Myanmar to assess real estate related investment opportunities.
Finding a fully engulfed real estate bubble was a surprise and kind of a disappointing result of the trip. But, finding the chance to create a business that would benefit people while also being run as a for profit business was a chance too good to pass on.
From January 2016 to September 2016 our team met with state and local governments and the result was the signing, in September 2016, of our first Memorandum of Understanding / Agreement with the Kayin State Government covering the village of Anankwin. NRECA International conducted our initial load and willingness to pay survey in October of 2016 and construction started in December of 2016.
Tracing the Path of Project Anankwin
Project Anankwin is a 400 kW Hybrid Micro-grid serving 400 homes in the village of Anankwin. A local association (MEDA) was established to monitor power consumption and maintain equipment. To learn more about the project and see pictures taken on site, click below.