APU

All Asia Asset Capital Limited currently holds a minority stake in Andaman Power and Utility Company Limited (“APU”), a privately held company based in Thailand and Myanmar, which operates in the development of utility plants and the provision of electricity.

APU has signed an Memorandum of Understanding (“MOU”) with the Government of the Republic of the Union of Myanmar to act as an electricity and utility provider of Dawei (the capital city of the Tanintharyi Region in Myanmar) and its surrounding cities. APU plans to develop a power plant deploying Combined Cycle Gas Turbine (CCGT) technology to generate up to 500MW of electricity. Under the terms of the MOU, the Myanmar government has agreed to facilitate the project development including commissioning a feasibility study, the provision of gas supply, arrangements for land acquisition, preferential treatment on duties and taxation, purchasing the electricity generated by the utility plant developed by APU and supplying it to the regional and national grid upon completion of the project.

More information about APU can be found in its website:
http://www.apu.co.th