US Delegation Looks to Boost Investment in Myanmar
YANGON — After a two-day visit to Myanmar, a delegation led by a US development agency says it hopes to boost post-coronavirus investment in the country and increase reengagement given its strategic location.
Petronas cutting Myanmar headcount amid strategic review
Malaysia’s national oil and gas company Petronas is reviewing its business portfolio and operations because of the prevaling market conditions.
Scan Inter moves away from gas via GEP
SET-listed Scan Inter (SCN), a compressed natural gas (CNG) service provider, plans to acquire more assets in the renewable energy sphere via subsidiary Green Earth Power Thailand (GEP), which sees opportunities in Myanmar’s growing capital, Naypyidaw.
India proposes oil refinery to expand presence in Myanmar energy
India wants to build a US$6 billion oil refinery in Thanlyin, Yangon, to rival China’s investments in Myanmar’s energy sector, according to India’s Foreign Secretary Harsh Shringla and Indian Army Chief MM Naravane during their joint visit to Myanmar this week.
The Lighting Myanmar Program
The International Finance Corporation (IFC), in association with other organizations, has arranged a $3.45 million grant to the Myanmar government as part of the Lighting Myanmar program. The grant will be used to fund a rural solar electrification program that is separate from the national grid.
Chinese Companies Dominate Myanmar’s Billion-Dollar Solar Tender
The solar tender has been marked by rushed land deals and a push for quick delivery, with Chinese companies winning almost all the sites.
Neighbourhood First: India to invest USD 6 bn for setting up a Petroleum refinery in Myanmar
India has proposed to construct a petroleum refinery in Thanlyn region near Yangon, and is planning to invest USD 6 billion. “The project which could be a win-win arrangement for both countries, as of now has IOCL expressing its interest in the project,” sources told Financial Express Online.
China Dominates Myanmar Renewables Tender, Winning 29 Of 30 Bids
When the winning bidders for 30 sites being developed as one of Myanmar’s largest ever solar power projects were announced, 29 of the sites included Chinese based or registered companies.
