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. […]

Local company Danarazar to provide electricity to Yangon industrial zone

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. YANGON-Local private companies are poised to distribute electricity to industrial zones in Yangon, the commercial hub of Myanmar, according to local sources. Among them, Danarazar Company is now preparing to distribute power to Hlaingthaya Industrial Zone in the […]

Planned Electricity Price Increase Sparks Concern Among Businesses

Business owners and households say they are concerned about the government’s plan to raise electricity prices next month, when rates are set to significantly increase, in some cases with up to 100 percent. On Tuesday, the Yangon City Electricity Supply Board (YESB) announced that households that consume more than 101 units of electricity per month […]

Yangon factories may be forced to shut if power cuts continue

Many factories will be forced to shut down if major power cuts in Yangon’s industrial zones continue, said officials from the Hlaingthaya Industrial Zone Committee. Myat Thin Aung, the chairman of Hlaingthaya Industrial Zone Committee said, “The problem has occurred every year since 2000, but it has gotten worse—electricity can be cut off for 24-hours […]