Parami Energy Group

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]

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
Ken Tun
Websitewww.parami.com

History

Parami Energy Group of Companies, formally Parami Energy Services Co., Ltd. (Parami), 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] The contract involves the leasing of an LPG jetty and storage terminal at the Thanlyin refinery located 15 km east of Yangon for the purpose of importing, storing and distributing LPG across Myanmar.

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