Sino-Myanmar joint venture is called the Upstream Ayeyawady Confluence Basin Hydropower Co., Ltd., or ‘ACHC’ for short. Registered as a company in Nay Pyi Taw in 2010 in order to being together government and private sector expertise so that could share technical know-how, access to investment, breadth of experience and commitment to socially responsible development.
Not only harvesting the best from the fusion of government and private enterprise, enhancing cross-border cooperation between neighbours is created.These realities are reflected in ownership structure. Myanmar’s Ministry of Electric Power (MOEP) owns 15% of ACHC and one of Myanmar’s largest business groups, Asia World Company (AWC), owns 5%. CPI Yunnan International Power Investment Company Ltd has the remaining 80% shareholding. This combination allows ACHC to create valuable, long-term assets that, after fifty years of operation, will become 100% Myanmar-owned.
