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 […]
Proposal to purchase power from China to be studied
The Ministry of Electricity and Energy (MOEE) says a feasibility study will be conducted as soon as possible on a proposal for Myanmar to purchase electricity from China. This was revealed by MOEE Deputy Permanent Secretary U Soe Myint to the Myanmar Times on Monday. An agreement to conduct a study for a China-Myanmar cross-border […]
Thai developer invests $1bn to put Myanmar industry on global map
NAYPYITAW — Thai industrial estate developer Amata Corp. plans to build an industrial complex with an investment of $1 billion in Yangon, Myanmar’s biggest city. The complex will provide important industrial infrastructure in a nation with few global-standard industrial zones suitable for foreign companies. Amata recently signed a land lease agreement and joint venture agreement with the Myanmar Ministry […]
Myanmar generates about 3,200 megawatts of electricity now
Myanmar is generating about 3,200 megawatts of electricity at the present, according to figures from the Ministry of Electricity and Energy. The maximum electricity production is 3,199 megawatts of electricity on January 29 and it only produced 3,649 megawatts of electricity on November 19 last year. It is less than 450 megawatts compared with the […]
Solar energy startup Cygni eyeing Myanmar, Bangladesh export markets
Solar energy startup Cygni, an Indian Institute of Technology, Madras incubatee company, is looking to break into the lucrative export markets in Myanmar and Bangladesh. The company, which manufactures solar power backup and DC (direct current) micro-grid solutions, apart from battery for electric vehicles at its Hyderabad plant, is planning to explore the offshore markets from […]
Block A-6: Getting the deal done
The government’s need to secure new supplies of natural gas and a desire to send a positive signal to investors has likely helped a consortium including Total, Woodside and MPRL negotiate favourable fiscal terms to develop the A-6 block. By THOMAS KEAN | FRONTIER A RECENT deal between the government and a private consortium to develop […]
Myanmar to use LPG extensively
Myanmar intends to extensively use LPG (liquefied petroleum gas) as fuel kitchen fuel as well as industrial and other businesses, said Deputy Minister for Electricity and Energy Dr Tun Naing. The ministry has expects that up to a million households will use LPG by 2020 as it aims to reduce the use of firewood and […]
