GE supplies gas turbines for Myingyan power project

Two gas turbines supplied by General Electric (GE) have been purchased from Sembcorp Utilities for a 225-megawatt power plant to be built for the Myingyan power project in Mandalay Region. The purchase of the Heat Recovery Steam Generators was in the mix, according to a GE press release. The new power plant is expected to […]

Yangon govt targets ‘failing’ power firms

Regional officials say they will investigate performance at private electricity providers and if necessary, cancel contracts signed by the former government, as frequent power outages continue across Yangon and frustrations are vented through social media. Four private companies signed with the previous administration to supply power to the city. They are not performing as expected, […]

Business lobby calls for U.S. to drop sanctions on Myanmar

WASHINGTON — The U.S. business lobby says it is high time to drop the remaining U.S. sanctions on Myanmar, but human rights activists and U.S. lawmakers say not so fast. Former political prisoner Aung San Suu Kyi is now running the government after winning elections. Still, the military continues to wield considerable power. That poses […]

What Burma’s general election means for British business

Burma, the last major territory among the world’s most populous 25 countries to emerge from an extended period of enforced isolation, goes to the polls on Sunday in its first openly contested general election since 1990. More than 90 parties are standing in the election, the first since a nominally civilian government was introduced in […]

GE bid to repower Myanmar gas turbines

General Electric and Myanma Electric Power Enterprise or MEPE have agreed to work together to repower and upgrade existing gas turbines in Myanmar, according to a press release issued by GE on November 13. Following a proposal made during General Electric Chairman and CEO, Jeffrey Immelt’s recent visit to Myanmar, this new initiative will result […]

GE to Assist Gov’t with Energy Infrastructure

Deputy Minister for Electric Power U Maw Thar Htwe said that US-based power solutions giant General Electric (GE) is helping Myanmar develop its energy infrastructure and improve the country’s electricity woes. Experts have expressed concern Myanmar’s power infrastructure is struggling to keep pace with the country’s fast-paced economic development. Currently, Myanmar’s electricity sector is unable […]

Why Gap Is Opening Factories in Myanmar

Apparel retailer Gap (NYSE: GPS ) — the parent company of Old Navy, Gap, Banana Republic, Athleta, and Piperlime — is headed to Myanmar, the country formerly known as Burma. Gap will be the first American retailer to enter the country since the former military nation transitioned into a democracy three years ago. Gap has […]

Myanmar Airways to expand fleet with General Electric

The state-owned Myanmar Airways plans to expand their fleet and services by leasing ten new Boeing aircraft from GE Capital Aviation Services (GECAS). GECAS is part of U.S.-based conglomerate General Electric that signed a lease contract with Myanmar’s national carrier in Singapore on February 11. “We are pleased that General Electric will work with Myanmar […]

U.S. Companies Investing in Myanmar Must Show Steps to Respect Human Rights

WASHINGTON — When the Obama administration lifted economic sanctions on Myanmar last year, encouraging American investments after decades of treating the nation as a pariah, it did so with a significant caveat. President U Thein Sein of Myanmar in the Oval Office in May, where he met with President Obama. For the first time, effective […]

In Myanmar, Flirtations by Investors Turn Into Commitments

NAYPYIDAW, Myanmar — Foreign executives who flew into this dirt-poor country over the past year to tap into what is described as Asia’s last major frontier market often came away skeptical, befuddled or outright disappointed. “Look, listen, learn — and leave” was the catch phrase that described trips here by executives who saw first-hand the […]