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Chinese State Firm, HK’s VPower to Implement Three Electricity Projects in Myanmar

YANGON—Amid the government’s efforts to avoid power shortages across the country, a Hong Kong company has announced that its joint venture with Chinese state-owned CNTIC will invest in three power plant projects in Myanmar with a total capacity of 900 megawatts (MW) and an estimated value of over US$800 million (1.2 trillion kyats). Hong Kong-listed […]

Japan to Provide Over $1 Billion in Loans to Myanmar for Development Projects

YANGON—Myanmar and Japan have signed four loan agreements worth about US$1.1 billion (120.915 billion yen, or 1.61 trillion kyats) to fund sewerage, urban development, power distribution and infrastructure improvement projects in seven regions and states in Myanmar. The four Official Development Assistance (ODA) loan agreements were signed on Tuesday between Japanese Ambassador Maruyama Ichiro and […]

Solar mini-grids to take off in Myanmar, support electrification ambitions

Solar mini-grids in Myanmar are expected to take off as the private sector sees solar energy as a potentially commercially viable solution in Myanmar’s journey towards full electrification. With a US$1.6 million mini-grid installed, more than a thousand households on the island of Yesagyo in Magway Region were connected to electricity for the first time […]

Chinese, Norwegian investors to study projects in Chin

Chin State government officials say that they have expressions of interest from foreign investors to invest in power-generation projects in the state. This was revealed to The Myanmar Times by Chin State Minister of Development, Electricity and Industry U Soe Htet. The state is among the least developed in the country and is also the […]

Invitation for Bids – National Electrification Project , Deadline : 18th February 2020

The Republic of the Union of Myanmar National Electrification Project Credit No 5727-MM Date: 20th January 2020 Contract Title: Installation of Distribution Lines and Transformers for Magway, Naypyitaw, Rakhine and Chin Reference No: MOEE-NEP-P2/C1-W1/2020 1. The Republic of the Union of Myanmar has received financing from the World Bank toward the cost of the National […]

7 new power projects aim to satisfy additional power demands NEWS

Ministry of Electricity and Energy is implementing seven new power projects in order to generate an additional 1,000 MW, said Deputy Minister for Electricity and Energy Khin Maung Win, at a ceremony to open the 66-MW gas-fired power plant in Magway Township in Magway Region. In the summer of 2019, the power plant generated up […]

Three new substations boost national grid

With the official launching of three new substations on Saturday, Myanmar’s national electricity grid is now providing 50 percent of the country’s power needs, says Minister of Electricity and Energy U Win Khaing. U Win Khaing was speaking during the official opening of the Tatkyigon substation in Hmawby Township, Kyuntawkon substation in Okekan Township, and […]

Electricity rate hike is good for economy

Businesses and the general public in Myanmar are divided on the recent bold policy move to hike electricity tariffs. But the big question is: how can the electricity reform contribute to the country’s development? On one hand, the business community seems to be accepting of higher tariff rates as that could lead to a more […]

Myanmar rushes power plant projects to avoid more blackouts

Myanmar’s government is trying to address the country’s worsening power shortage, aiming to add 1,072 megawatts of new electricity generating capacity ahead of elections in late 2020. The move reflects concerns about growing public dissatisfaction over crippling power blackouts and price increases to help fund a string of power plant projects. The energy ministry announced […]

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 […]