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.
Myanmar Govt Vows to ‘Build Back Better’ With Latest COVID-19 Recovery Plans
The Myanmar government is drawing up a medium- to long-term economic recovery and reform program that aims to maintain economic reforms introduced by the National League for Democracy (NLD), amid a significant slowing of economic growth due to the COVID-19 outbreak.
Myanmar’s 1 GW solar tender concludes with lowest bid of $0.0348/kWh
The country’s Ministry of Electricity and Energy allocated all tendered solar capacity in its first procurement exercise for large-scale PV. Final prices ranged from $0.0348 to $0.051 per kWh. China Machinery Engineering and Sungrow were the main winners, securing eight and nine projects, respectively.
Myanmar firm to build oil refinery in Dawei SEZ
Local company Myanmar Chemical & Machinery Co. Ltd (MCM) is planning to invest in an oil refinery in the Dawei Special Economic Zone, Tanintharyi, and has sought government permission to start a feasibility study and other preliminary research at the area, U Tin Htoo Naing, secretary of the Dawei SEZ Management Committee, said last week.
Why Plans for Wind Power From Chinese Firm Fell Apart in Myanmar
Residents of Chaung Tha, a holiday resort and village on the Bay of Bengal, still rely on diesel generators to get them through electricity blackouts more than four years after Myanmar’s government gave a Chinese company the go-ahead to build a wind farm nearby. Shortly before leaving office in March 2016, former president Thein Sein’s government […]
