Myanmar to increase renewable energy sources
YONGAN, Feb 13 (Eleven Media Group/ANN) — Myanmar is trying to increase the content of renewable energy sources by tapping all available energy sources to generate electricity, said Union Minister for Electricity and Energy Win Khaing. As the country is blessed with solar energy, wind power and other renewable energy sources, a 40-megawatt solar power […]
Chinese State Firm, HK’s VPower to Implement Three Electricity Projects in Myanmar
YANGON—Amid the government’s efforts to avoid power shortages across the country, a Hong Kong company has announced that its joint venture with Chinese state-owned CNTIC will invest in three power plant projects in Myanmar with a total capacity of 900 megawatts (MW) and an estimated value of over US$800 million (1.2 trillion kyats). Hong Kong-listed […]
VPower, CNTIC form JV to operate Myanmar emergency power plants
Hong Kong-listed VPower Group has set up a 50-50 joint venture with a Chinese state firm to develop three power plants in Myanmar as part of the government’s bid to stop power cuts this year. VPower, which enjoys close links with investment bank CITIC, and state-owned China National Technical Import & Export Corporation (CNTIC) will […]
Hydropower and the worsening water crisis for Myanmar and Asia
By Andrew Landen – Myanmar is caught between a rock and a hard place. As the government seeks to pick up the pace of development, electrical power is needed and hydropower is touted as an “environmentally-friendly” solution in order to switch on the lights. But there are a number of problems with how this process […]
French businessmen eyeing investment in Myanmar
YANGON, Feb 7, Eleven Media Group/ANN — French business people interested in Myanmar called on State Counsellor Aung San Suu Kyi on February 5, the State Counsellor Office reported. The State Counsellor received the MEDEF International business delegation at the Ministry of Foreign Affairs in Nay Pyi Taw.. During the meeting both sides discussed investment […]
OCBC, UOB provide US$44m green loan to Myanmar conglomerate
THE Yangon branches of OCBC Bank and United Overseas Bank (UOB) have extended a US$44 million green loan to Myanmar’s Shwe Taung Group. Close to US$30 million of the loan came from OCBC, while UOB provided the balance, according to a joint statement by OCBC and Shwe Taung on Wednesday. The Myanmar conglomerate’s subsidiary, City Square Commercial […]
France keen to invest more in Myanmar, says official
After a pause of eight years, France is going to expand existing investments and make new ones in Myanmar, a senior official of the Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) has revealed. “They have trust in Myanmar. As French organisations have learnt there are many prospects here, they are coming to invest […]
Wärtsilä to deliver equipment for two LNG-fuelled power plants in Myanmar
Wärtsilä has announced that it will deliver the equipment for two LNG-fuelled power plants being urgently installed in Myanmar on a fast-track basis. During summer last year, Wärtsilä claims that the Yangon area of Myanmar saw power cuts of up to six hours a day. In order to avoid this situation happening again, the Myanmar […]
