Myanmar solar tender conditions knock out foreign bidders
Myanmar has effectively excluded potential foreign bidders from a major solar farm tender by imposing tough conditions, including a refusal to accept online submissions even while a COVID-19 ban on international flights has been extended.
Govt signs PPA for first LNG plant in Myanmar
Myanmar has signed a power purchase agreement (PPA) to buy electricity from a liquefied natural gas (LNG) plant. The project company of CNTIC VPower Group inked a five-year PPA with the Ministry of Electricity and Energy’s Electric Power Generation Enterprise (EPGE) on June 10.
Hong Kong top FDI source for Myanmar this fiscal year
Hong Kong has emerged as the top source of approved foreign direct investments (FDI) into Myanmar in the first seven months of fiscal 2019-20, accounting for around 32 percent of the overall commitments. From October 2019 to April 2020, the total number of FDI commitments from 39 entities registered in Hong Kong amounted to US$1.3 billion, […]
Petronas grabs first mover advantage in Myanmar’s LNG market
Malaysia’s Petronas has delivered Myanmar’s first ever LNG cargoes. This marks the emergence of a new consumer for the fuel in the Asia region. Significantly, Petronas has stolen a march on rival LNG exporters as it hopes to establish a foothold in Myanmar’s expanding gas industry.
Myanmar’s electricity losses shrink; more investments, spending needed to meet demand
Losses on electricity subsidies in Myanmar are likely to have declined to just about a third of levels seen before tariffs were raised in July 2019, U Tin Maung Oo, permanent secretary of the Ministry of Electricity and Energy, told journalists at the government’s fourth year performance review in Nay Pyi Taw on June 8.
EPGE extends Magwe power plant tender deadline
Myanmar’s Ministry of Electricity and Energy has extended the deadline of a gas-to-power plant tender to next week. On April 28, the ministry’s Electric Power Generation Enterprise (EPGE) announced a tender for a 12 megawatt gas-powered plant in Magwe on a build-operate-own basis.
Myanmar to Generate its First LNG Power ‘Very Soon’: Energy Ministry
YANGON — The Ministry of Electricity and Energy (MOEE) says the overdue Chinese-backed liquefied natural gas (LNG) projects in Yangon will operate “very soon” now deliveries from Malaysia have arrived. On Thursday, Malaysia’s state-owned oil and gas company, Petronas, said it delivered 190,000 cubic meters of LNG for the Yangon projects, which will be the first […]
IFC to boost funding for off-grid solar power in Myanmar
The International Finance Corporation (IFC) is considering investing a further US$87 million in Yoma Micro Power to help Myanmar supply electricity to remote off-grid communities and reduce its carbon emissions. Part of the World Bank Group, the IFC said it had proposed arranging a loan package of $80 million to the energy firm, which builds micro […]
