A rental deal to secure 20 MW of on-site gas engine capacity for Myanmar has been signed by Aggreko plc. All Asia Asset Capital signed the deal for delivery by Andaman Power and Utility Company Limited (APU), a Myanmar and Thailand-focused power generation group.

In turn APU, which has a Memorandum of Understanding (MoU) with the government of Myanmar to act as an electricity and utility provider to Dawei – the capital city of the Tanintharyi region – and surrounding cities, signed a binding agreement with Aggreko.

All Asia Asset Capital, an investment company focused on investing in the Asia Pacific region, also increased its stake in APU to 7% of the equity with the acquisition of a 4.5% stake from Chakris Kajkumjohndej.