Whole of Myanmar to be powered by national grid in 2030

The Ministry of Electricity and Energy says Myanmar is on track to receive electricity from the national grid by 2030. Minister of Electricity and Energy U Win Khaing said that 58 percent of the country currently has access to the national grid but plans are in the pipelines to expand this coverage to 100 pc of
Myanmar in ten years’ time.

There is a need to focus on access to sufficient natural gas to achieve the ministry’s goals in the electricity sector, he said during the ministry’s first quarter meeting for the 2020-2021 fiscal year. “We must try to find new energy sources like geothermal, biodiesel, and other sustainable means,” said U Win Khaing on January 23.

The minister divulged plans to develop commercially viable businesses that can penetrate both the local and foreign markets. These include oil refineries, chemical fertilizer factories, and Liquefied Petroleum Gas (LPG) projects. LPG can help reduce power consumption in the country and arrangements will be made to supply it for domestic appliances at a reasonable rate.

Compressed Natural Gas (CNG) businesses will also be set up in Yangon, Nay Pyi Taw, and other areas for Myanmar to transition towards a future of green energy and green economy. U Win Khaing also said that earnings in the energy sector shouldn’t be paid in full only after the completion of entire projects. Payment should be made in partial payments and progress payments for better currency circulation from businesses to people, he said.

To see the original article click link here

Source: Myanmar Times

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

 Opportunities from COVID19

.

Looking for foreign investors to invest in your business in Myanmar