ADB to Provide Loan for Rangoon Power Upgrade

Manila-based Asian Development Bank (ADB) said in a statement on Tuesday that it would provide a US$80 million loan to “upgrade [Rangoon’s] electricity transmission ring line system,” a project forecast to benefit more than one million customers. This is a welcome announcement for many residents in heavily populated Rangoon, where more than half of Burma’s […]

Yangon Power Board to Seek Private Sector Involvement from 2015

YANGON — The Yangon Electricity Supply Board (YESB) will begin to facilitate private investment from early next year, with a view to the possibility of an eventual complete privatization of the city’s electricity transmission. The YESB is currently deciding upon a model for private sector collaboration in discussion with experts and the Yangon Region government. […]