World Bank warns Myanmar to double electricity sector investment
YANGON — Myanmar needs to invest twice as much and implement projects three times faster to address its rapidly growing demand for electricity, the World Bank said. The figures presented in its Myanmar Economic Monitor, a biannual report released on Tuesday, indicated that Myanmar’s electricity supply will further deteriorate without a steep increase in investment by […]
World Bank Puts Myanmar’s Power Investment Needs at $2B a Year
YANGON—To sustain economic growth, Myanmar needs to invest up to US$2 billion (3.06 trillion kyats) annually in its electricity sector, according to a World Bank report released on Tuesday. In the report, “Myanmar Economic Monitor: Building Reform Momentum”, the World Bank said Myanmar’s economic growth is expected to rise to 6.5 percent in fiscal 2018-19, […]
Total, Siemens propose scaled-back LNG project in Tanintharyi
YANGON — The European consortium behind a 1,230-megawatt power project in Tanintharyi Region has proposed scaling back its plans amid stalled talks with the government over financial terms. However, a senior government official told Frontier the revised proposal is unlikely to be accepted and the project now faces the prospect of suspension or cancellation. French energy giant […]
Mizoram to soon commission 2 micro hydroelectric power projects
Aizawl: The Mizoram government will soon commission two micro hydroelectric power projects, which will generate 0.20 MW power, power and electricity minister R Lalzirliana told the state legislature on Friday. Construction of a 0.10-MW micro hydroelectric power project at Tuiriza near Saitual village in Aizawl district and another 0.10-MW Tuiching micro hydroelectric power plant near […]
Kyaukphyu power deal expected ‘within weeks’: Supreme Group
YANGON — The consortium developing a 135-megawatt power project at Kyaukphyu in Rakhine State expects final approval of a power purchase agreement within weeks, a spokesperson says. Myanmar’s Supreme Group and Chinese state-owned firm Sinohydro are jointly developing the US$180 million project, which will use gas from the Shwe field and generate power for distribution […]
Under pressure: Can the ministry’s latest power plan keep the lights on?
West of the downtown area, across the Yangon River, there’s a narrow spit of land that ends at the mouth of Twante Canal, with the island of Seikgyikanaungto to the west. For a brief period nearly three years ago, this site was to be the home of a power plant. It remains empty except for […]
States, regions seek greater share of power
Chief ministers of several states and regions are urging more decentralisation and less bureaucracy to speed the way to a federal system for the country. “We chief ministers are very active in inviting investments in our states and regions, but we are hampered by the central government. Without sufficient decentralisation, it will be hard to […]
Myanmar’s fuel market: from fanfare to standstill
IN JULY 2017, Frontier reported on the longstanding frustration among drivers in Myanmar at the poor quality of fuel sold at local stations. Just a few months earlier, the Myanmar Investment Commission had abolished a requirement that foreign investors in the sector partner with the Ministry of Energy and Electricity. The larger local players were […]
