Yangon Electricity Supply Board denies plans to invite private investment – for now

The Yangon Electricity Supply Board does not yet have concrete plans to allow private investment to take an equity stake in the business, though private firms are meeting with the board to look for opportunities. Some media has reported the board, which is a state-owned enterprise under the Ministry of Electric Power, is planning to […]

ADB to Loan $60 Million for Myanmar’s Electricity Network

YANGON — In a push to develop Myanmar’s national power grid, the Asian Development Bank (ADB) has offered a US$60 million loan to improve access to electricity in four divisions. Some 480,000 households in Yangon, Mandalay, Sagaing and Magway divisions will see access to a more reliable electricity supply through the loan, ADB said Monday. […]