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Parliament Approves $40M French Loan to Upgrade Hydropower Plants

YANGON—The Union Parliament approved on Thursday a €35.7-million (US$40 million or 60-billion kyats) loan from Agence Française de Développement (or the French Development Agency) to be used for major upgrades to five hydropower plants in four regions as Myanmar experiences country-wide waves of regular power cuts. Of the 606 lawmakers in attendance, 546 voted in […]

Fulfilling the national electricity requirement

Summer is here, and people across Myanmar are sharing electricity produced by power utilities that are struggling to meet the demand. The commercial capital of Yangon has implemented a turn-based electricity distribution system to provide equal power to all townships. Acknowledging the inconvenience caused by this, the authorities have expressed the hope that Yangonites will […]

Don’t stinge on budget to avoid power cuts during summer: MOEE

In Parliament yesterday, the Ministry of Electricity and Energy (MOEE) said the annual budget for power generation should be sustained in order to avoid power cuts and blackouts in the summer. “The budget proposed by the MOEE should be maintained and not cut to avoid power outages. Power generation is not something that happens overnight […]

MP to raise question on frequent power cuts in Yangon

A question on the frequent power blackouts in Yangon will be raised at the regional parliament, said regional MP Kyi Pyar. “By May 9, I will have to submit this question to the parliamentary session, which is scheduled for May 18. I will raise a question about frequent power cuts,” she added. “People feel upset […]

Investors hesitate to invest in power sector

NAY PYI TAW — The deputy minister for electric power has denied claims in parliament that plans to increase the price of electricity was aimed at pleasing investors. The government will now charge Ks 20 per unit of electricity, according to deputy minister Aung Than Oo, which will cover production, construction and maintenance of hydropower […]

MAXpower Inks $35-m Power Deal with Myanmar Gov’t

MAXpower (Thaketa) Co Ltd, a power generating subsidiary of Singapore-based Navigat Group, said it has started supplying power under a power purchase agreement made with the state-owned Myanmar Electric Power Enterprise (MEPE). The company said with this agreement it became “the first 100-percent foreign-owned power company to enter into a long-term relationship” with MEPE. MAXpower […]