Yangon Power Company Readies Budget for System Improvements

The Yangon Electricity Supply Corp (YESC) will spend Ks 17,618.473 million on power distribution in fiscal 2017-18.

The regional government will implement the projects with loans from the Asian Development Bank, the World Bank and the Japanese International Cooperation Agency.

In an bid to upgrade the power distribution system, YESC will carry out the construction of sub-power stations, transformers and power grids and the hiring of consultants in five townships in Yangon, with Ks 9,038.31 million from an  ADB loan.

The projects for the installation of power grids will be implemented with Ks 3,557.74 million gained from a loan from Japanese agency.

The World Bank will grant a loan of Ks 5022.420 million for the installation of power grids and transformers so as to electrify villages within a two-mile radius of power grids.

 

Source: Eleven Myanmar

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