Upstream Ayeyawady Confluence Basin Hydropower Co., Ltd. (hereinafter referred to as "ACHC"), a joint venture established by the Ministry of Electricity and Energy (MOEE) of Myanmar, SPIC Yunnan International Power Investment Co., Ltd. (SPICYN) and Asia World Company(AWC) . It is registered in Nay Pyi Taw, the capital of Myanmar, on June 18, 2010. The share holding proportion of MOEE, SPICYN, and AWC is 15%, 80% and 5% respectively.
ACHC will development the hydro power projects in the Upstream Ayeyawady River Basin under the BOT/JV cooperation mode with the concession rights granted by the Government of Myanmar. ACHC conduct and performs its management and operation fully in strict accordance with laws and regulations of Myanmar.
Organization Chart of ACHC
Our Mission: Provide Electricity to Myanmar
Electricity is an important foundation for economic and social development. The Myanmar government has always been committed to providing adequate and stable electricity.ACHC’s first priority will be to provide electricity to Myanmar.
Our solution is to provide cheap, renewable, non-polluting electricity from hydro-power. It is an answer that particularly suits Myanmar because of the massive natural resources that the country possesses in its northern rivers. Where some nations need to spend money importing energy from abroad, our proposals encourage Myanmar to make the most of its own resources and then to earn additional money by exporting the surplus to its neighbours.