Investors hesitate to invest in power sector

NAY PYI TAW — The deputy minister for electric power has denied claims in parliament that plans to increase the price of electricity was aimed at pleasing investors. The government will now charge Ks 20 per unit of electricity, according to deputy minister Aung Than Oo, which will cover production, construction and maintenance of hydropower […]

Electricity price hike set for April 1

In an effort to reduce state spending, the Pyidaungsu Hluttaw last week voted to move forward with a plan to increase the price of electricity as of April 1 for households by as much as 42.8 percent for units used over a certain threshold, parliament announced last week. Though households will still pay K35 per […]

Ministry to sign MoU for Dawei power plant

The Ministry of Energy has approved plans by the Admin Power & Utility Ltd. to build a 500-MW natural gas power plant in Dawei. The ministry will allow the company to purchase natural gas to build a 50-MW power plant to provide power for regional security as a first phase. “The ministry and the company […]