Higher tariffs still welcome if power supply is regular, investors say

Despite higher electricity prices, if businesses are able to enjoy a regular, uninterrupted supply of power, the move is still welcome as most will still be commercially viable, some investors said. “In the last year alone, blackout time in our factory was over 300 hours. When the power is out, we have to run the […]

Mandalay labor union campaigns for higher wages following electricity bill hike

On the first of July, a labor union – Myanmar Industries, Crafts and Services (MICS) Trade Union Federation – took to the streets for increased wages. The campaign, titled “Raise Wages not Electricity Prices”, was demonstrated in Pyi Kyi Than Kyun district, 60th street, and Kyan Sitt Tar streets of Mandalay. Low-wage primary and secondary […]

Electricity sector could lose K630billion in 2018-19

The electricity supply sector is forecast to lose about K630billion in the coming 2018-19 fiscal year, said Dr Tun Naing, deputy minister for Electricity and Energy, told Pyidaungsu Hluttaw yesterday. “Power generation and distribution is expected to lose about K629.9 billion in the fiscal year of 2018-19,” Dr Tun Naing said during his presentation. In […]

Thailand’s PTT poised to gain from Myanmar deal

THAI and Myanmar officials will sign a memorandum of agreement at a meeting of Asean energy ministers next month that will take energy giant PTT a step closer towards a major gas project across the border. The singing of the agreement will pave the way for PTT to conduct a study on a Bt20 billion […]

Inflation Expected to Rise as Myanmar’s Economy Grows

YANGON — While observers are positive about the economic outlook as Myanmar enters a new fiscal year, the Asian Development Bank (ADB) and the International Monetary Fund (IMF) both predict rising inflation, pushing the cost of living up for the country’s mostly poor population. The ADB on Tuesday released its annual Asian Development Outlook report, […]

Electricity Rate Hike Could Hurt Competitiveness, Raise Consumer Prices

YANGON — Last week, Parliament approved a government proposal to introduce a long-expected hike in electricity prices per April 1. Business sector representatives now warn that the measures will undercut the competiveness of Burmese industries and lead to a rise consumer prices. Under the new plan, for households using under 100 kilowatt hours, or units, […]

Industry Awaits Myanmar’s Offshore Exploration Block Awards

Industry players are watching with interest an impending tender award by Myanmar’s Ministry of Energy for 30 offshore oil and gas exploration blocks, which has attracted bidding by several major international oil companies (IOC) that were absent in previous tenders. The outcome of the tender will highlight the progress, or lack of one, as the […]

Parliament’s decision on electricity prices will be followed- Minister

Parliament’s decision on electricity prices will be followed, Khin Maung Soe, the Minster for Electric Power, said during a meeting with industrialists on November 9. On Friday, Myanmar’s parliament approved discussions on an urgent motion to reduce the electricity fees that the government has recently increased. Some MPs also argued against the hikes in electricity […]

Kawthaung Residents Claim Coal Plant Causes Health Problems

Residents of Kawthaung, a Tenessarim Division town located on Burma’s southernmost tip, are complaining that air pollution caused by a coal-fired plant constructed last year is affecting the health of about 100 people. Nway Nway, a local resident, said the coal plant was located in the town, between Shwepyitha and Ayeyeiknyein quarters, where its emissions […]