fbpx

VPower group wins Myanmar’s emergency power tender

Hong Kong-listed VPower Group said its consortium with Myanmar’s Zeya & Associates had been provisionally awarded four of the five emergency power projects tendered by the energy ministry in June. The consortium said it won three projects that would use imported liquefied natural gas in Rakhine’s Kyaukphyu, Yangon’s Thanlyin and Thaketa, totalling 900 megawatts. It […]

Two Myanmar electricity ministry officials arrested for corruption

Two directors of the Hydropower Implementation Department under the Ministry of Electricity and Energy were arrested in Naypyitaw for abuse of power and accepting bribes from tender bidders relating to the design and construction of hydropower projects on the Myitnge River in Mandalay Region. Myanmar’s Anti Corruption Commission (ACC) announced on Thursday it had opened […]

Don’t Invest in Myanmar? What Rubbish!

Author: Anthony Larmon is the founder and managing director of Echo Myanmar   In an article posted last week titled “Don’t Invest in Myanmar, Here’s Why”, a young Mr. Reid Kirchenbauer encourages the good readers of his InvestAsian blog not to invest in Myanmar. He doesn’t encourage them to do their due diligence, to think […]