India to Develop Energy Network in Rakhine State of Myanmar

India is very keen to explore the shared future in energy network along with three key neighbouring countries, Bangladesh, Myanmar and Nepal. These three countries have assured India at the highest level that it will abide with the Indian proposal to build energy networks. Simultaneously, there has also been positive signs of giving greater participation […]

High potential of Myanmar Economy

The topic of economic transformation in Myanmar was thoroughly discussed at the Forum on Myanmar Democratic Transition held from 11 to 13 August 2017 in Nay Pyi Taw. The talks could generally be summed up that despite the slow economic take-off in Myanmar, the good potential of the Myanmar economy will be seen in the […]

Coal power central to gov’t energy plans

Myanmar’s energy sector will require investment of between US$30 billion and $40 billion over the next 15 to 20 years, and should focus on coal power, according to the government’s Energy Master Plan, published last month. Domestic energy consumption is forecast to almost double to 21.9 million tonnes of oil equivalent (mtoe) in 2030 from […]

Coal power continues over local objections

The Ministry of Electric Power plans to move forward with several coal-fired power plant projects despite the opposition of some civil society groups. The ministry has signed memorandums of understanding for at least 11 coal-fired projects in the country since 2010, though so far they are still at the early stage of feasibility studies, with […]

Thai’s Vintage enters into Myanmar’s alternative energy business

Attracted by the country’s growth potential, Vintage Engineering plans to pursue alternative-energy business opportunities in Myanmar via the construction of a solar energy-driven power plant, after acquiring a stake in a company holding a permit for a 220-megawatt facility. The listed company is also ready to acquire power plants in Thailand and abroad. Vintage has […]

Toshiba wins order for 308MW hydro project in Myanmar

Toshiba will deliver four units of its 77MW hydro turbine and generator for the Upper Yeywa hydropower facility, which is located to the northeast of Mandalay in Myanmar. The contract has been won by the firm’s Chinese subsidiary Toshiba Hydro Power. Toshiba is expected to start the deliveries for the 308MW hydropower plant by March […]

Bangladesh: Strategy for energy swap with Myanmar under study

The government is set to sort out a strategy for the upcoming bilateral talks to quicken the implementation of the planned energy swap by importing natural gas from Myanmar for electricity generation. A senior official concerned said the Energy and Mineral Resources Division (EMRD) under the ministry of power, energy and mineral resources (MoPEMR) will […]

Yangon electricity board to receive its first budget

Yangon City Electricity Supply Board (YESB) will have its own budget beginning April 1 as part of a government-wide process of professionalising state-owned firms. YESB and other state firms are under pressure to transform the enterprises into professional businesses and separate them from day-to-day control by government departments. YESB has officially begun corporatising since 2014 […]

Thai utility Ratchaburi to invest $1.5 bln to boost capacity to 2023

* Plans 13 bln baht capital spending for 2015 * To study investment in 9 projects, mostly in Myanmar and SE Asia * Expects 2015 net profit of 5.2 bln baht, lower than 2014 (Adds investment plan through 2023, details) By Manunphattr Dhanananphorn BANGKOK, Feb 26 (Reuters) – Thailand’s largest private power producer, Ratchaburi Electricity […]

US Investment Limited, Focused on Energy: MIC

Investors from the United States are most interested in the energy sector among the potential investment options in Myanmar, according to secretary general of the Myanmar Investment Commission (MIC) U Aung Naing Oo. “We have learnt that they want to invest in electricity generation, natural gas extraction as well as the infrastructure and tourism sectors. […]