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Private household meter boxes permitted for YESC civil servants

The Yangon Electricity Supply Corporation (YESC) has allowed private metered electricity boxes for civil servants in particular shared households. Yangon Region minister for Electricity, Industry and Transportation Daw Nilar Kyaw said residents can apply for a household meter with the respective township electricity manager. “When electricity charges were raised in placeswhere residents use ashared meter […]

Yangon electricity revenues up 65pc

Yangon Region collected K36 billion more in electricity payments for the month of July, which is a 65 percent increase compared to the month before, said Daw Soe Soe Nwe, general manager of Yangon Electricity Supply Corporation (YESC), at a press conference on Monday. The higher revenues was due to the Ministry of Electricity and […]

Ministry has not confirmed K32 billion profit from new electricity tariffs

The Ministry of Electricity and Energy (MOEE) has yet to confirm that the electricity tariff hike that starts from July will result in the electricity sector making a profit of K32 billion for fiscal 2019-20, which begins on October 1 this year and ends September 30, 2020. Joint Public Account Committee (JPAC) vice chair U […]

YKKO: From small shop to major brand

From a small neighbourhood shop selling vermicelli and meatball soup about three decades ago, Yan Kin Kyay Oh (YKKO) has grown into a prominent Myanmar brand with 38 outlets across the nation. “We have branches in five cities – Yangon, Mandalay, Nay Pyi Taw, Mawlamyine and Bago. By the end of this year, we expect […]

Govt still mulling hike in electricity tariffs, explores solar options

The government is once again discussing plans to raise electricity charges to partially offset widening losses from subsidising electricity tariffs. “We need to increase prices quickly as electricity consumption is now expected to rise by more than expected,” said U Soe Myint, deputy permanent secretary of the Ministry of Electricity and Energy (MOEE). According to […]

Power shortages hold Myanmar back

The recent protests in Yangon against a hike in electricity charges have shed some light on Myanmar’s serious power crisis. In the past three years Myanmar has witnessed the suspension of the Chinese-invested Myitsone dam project, mass demonstrations against blackouts in big cities like Yangon and Mandalay, and protests against the rate rise. Electricity is […]

Manufacturing funds to double

Foreign investment into the manufacturing sector this year has already more than doubled all of last year, said director general U Aung Naing Oo of DICA, the Directorate of Investment and Company Administration. From April through September, nearly US$1.8 billion has flowed into the country, of which nearly $1 billion has gone to manufacturing, compared […]

Some wholesale businesses to jack up prices due to increased electricity charges

Some retail businesses in Myanmar have received notice from their wholesalers that prices for some commodities will be going up as electricity charges double starting this month. “With the meter charges going up, some wholesale businessmen have distributed notices in writing letting us raise our prices as the cost of electricity is higher for the […]