Voltalia decides to withdraw from Myanmar
31 March 2021
Voltalia (Euronext Paris, code ISIN: FR0011995588), an international player in renewable energies, announces its decision to withdraw from Myanmar due to the political and humanitarian crisis.
Voltalia has been present in Myanmar since 2018. Relying on the continued opening up of the country initiated a few years earlier, Voltalia supplies electricity to 156 telecom towers (representing less than 1% of the company's total production) generally isolated and not connected to the power grid, to ensure a better access to rural populations located in the regions of Bago and Irrawaddy.
Due to the political and humanitarian crisis in Myanmar, Voltalia has decided to withdraw from the country and has launched the associated process.
In the meantime, Voltalia is continuing to follow the situation very closely and to do everything possible to ensure health, safety, and security of its 43 employees on site, including 39 Myanmarese, and its subcontractors during this period.