Hydropower development flows on to Western firms

Western companies will likely build the next set of hydropower dams in Myanmar, following years of Chinese construction dominating the industry, according to Ministry of Electric Power (MOEP) deputy minister U Maw Thar Htwe. The previous military government had signed agreements for 60 hydropower projects, mostly with Chinese firms but also Thai and Indian companies, […]

Electricity Rate Hike Could Hurt Competitiveness, Raise Consumer Prices

YANGON — Last week, Parliament approved a government proposal to introduce a long-expected hike in electricity prices per April 1. Business sector representatives now warn that the measures will undercut the competiveness of Burmese industries and lead to a rise consumer prices. Under the new plan, for households using under 100 kilowatt hours, or units, […]