Parami Energy Group

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Parami Energy Group of Companies
Native name
ပါရမီ စြမ္းအင္ ကုမၸဏီ
TypePrivately held company
Industry
  • Renewable & Clean Energy
  • Electric Power Generation
  • Oil & Gas Exploration
Founded2004
FounderKen Tun
Headquarters
Yangon
,
Myanmar
Key people
Websitewww.parami.com

Parami Energy Group of Companies is a Myanmar-based energy conglomerate active in solar powered electricity generation,[1] Liquefied petroleum gas (LPG) import and distribution,[2] and oil & gas exploration and development.[3]

History[]

Parami Energy Group of Companies was founded in 2004 by Ken Tun as an engineering service provider.[4] In 2009, Parami partnered India's Punj Lloyd Group[5] in the construction of the landmark 40" x 205 km pipeline connecting the offshore Shwe natural gas field to China, a project that commissioned for operation in July 2013.[6]

In 2012, Parami secured a license to explore and develop Myanmar’s PSC-I onshore oil and gas block with India’s Jubilant Energy.[7] In 2014, it was awarded a license to explore and develop two offshore oil and gas blocks, AD-3 and A5,[8] as minority shareholder with UK-based Ophir Energy and US-based Chevron.

In March 2017, Parami was selected by the Union Ministry of Agriculture, Livestock and Irrigation as the private sector developer and operator of solar-powered electrification projects in rural Magway and Mandalay regions as part of the Myanmar government's National Electrification Program supported by the World Bank.[9]

In September 2017, Parami was awarded a contract by the Union Ministry of Electricity and Energy to operate a state-owned LPG import facility.[10]

Operations[]

The company currently operates two projects. Under its Parami Gas brand, it markets and distributes LPG to commercial and residential customers across Myanmar. Secondly, it operates two solar power projects on Yesagyo Island and in Gyaint Gyi township of Magway and Mandalay regions respectively.

References[]

  1. ^ "Parami brings Solar-powered electricity to remote Yesagyo Island community". Myanmar Times. 30 Dec 2019.{{cite web}}: CS1 maint: url-status (link)
  2. ^ "Parami Energy to distribute LPG under its own brand". Myanmar Times. 11 Sep 2018.{{cite web}}: CS1 maint: url-status (link)
  3. ^ "India and Myanmar ink pact on petroleum exploration in latter". The Economic Times. 28 May 2012.{{cite web}}: CS1 maint: url-status (link)
  4. ^ "Electric dream — Ken Tun". China Daily. 19 Jun 2018.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "Parami is local partner to Punj Lloyd in construction of Myanmar-China Pipeline". Parami Energy Group. 6 Jun 2011.{{cite web}}: CS1 maint: url-status (link)
  6. ^ "Myanmar-China Oil & Gas Pipeline Project". Punj Lloyd Group. 26 Jul 2013.{{cite web}}: CS1 maint: url-status (link)
  7. ^ "Jubilant and Parami win exploration block in Myanmar". Hydrocarbons Technology. 29 May 2012.{{cite web}}: CS1 maint: url-status (link)
  8. ^ "Upstream Oil & Gas". Parami Energy Group. 26 Dec 2014.{{cite web}}: CS1 maint: url-status (link)
  9. ^ "Parami builds Solar mini-grids in Magway Region". Myanmar Times. 29 Aug 2018.{{cite web}}: CS1 maint: url-status (link)
  10. ^ "Myanmar looks to import LPG to meet rising energy demand". Borneo Post. 1 Jul 2018.{{cite web}}: CS1 maint: url-status (link)
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