Myanmar’s power supply problems hurt growth

The opening up of Burma’s economy has generated feverish excitement among international investors. With a population of 60 million, a wealth of natural resources, and a need for just about everything, Burma, also known as Myanmar, is one of the world’s last untapped markets. And yet, while foreign direct investment has increased substantially since most […]

World Bank Injects a Shot of Electrical Power into Myanmar

Foreign investors appear hesitant to jump into Myanmar’s energy sector, given some of the problems faced particularly by Chinese companies and the setback posed by the halt on the US$3.6 billion Myitsone Dam project, plus an unclear investment playing field. But the World Bank is hoping their refurbishing of a gas turbine plant in southern […]

World Bank approves $140 million for Myanmar electricity

WASHINGTON – The World Bank’s board on Tuesday approved a $140 million interest-free loan to fund a more efficient power plant in Myanmar, as the bank seeks to support reforms in the Southeast Asian country. The World Bank has stepped up its engagement with Myanmar, which is rich in resources but underdeveloped after decades of […]

Myanmar’s energy sector boosted by World Bank investment

NAYPYIDAW, Myanmar, Sept. 25 (UPI) — The World Bank has approved a $140 million interest-free loan to upgrade an existing power plant in Myanmar, the bank said. The project, at the Thaton station in the southern state of Mon, will replace aging gas turbines with new units which will produce 250 percent more electricity with […]