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Gas from block A6 to commercially viable in 2023

Commercial gas production will commence at the A6 block Shwe Yee Htun-2 discovery, offshore Myanmar, in 2023, U Zaw Aung, a retired director general of the Oil and Gas Planning Department under the Ministry of Electricity and Energy (MOEE), told The Myanmar Times. “The State aims to produce gas commercially in year 2023. It will […]

Ministry has not confirmed K32 billion profit from new electricity tariffs

The Ministry of Electricity and Energy (MOEE) has yet to confirm that the electricity tariff hike that starts from July will result in the electricity sector making a profit of K32 billion for fiscal 2019-20, which begins on October 1 this year and ends September 30, 2020. Joint Public Account Committee (JPAC) vice chair U […]

Residents say electricity rates should be lowered in off-grid areas

Residents in gas-producing regions like Tanintharyi are questioning why they still have to pay higher rates instead of being covered by the national grid. The government hiked electricity tariffs last week, and the new rates took effect on July 1. While consumers of residential and religious buildings will be charged the previous rate of K35 […]

First commercial solar power plant launched in Myanmar

State Counsellor Daw Aung San Suu Kyi last week launched the first phase of Myanmar’s first commercial solar-power plant in Minbu, Magwe Region, adding 40MW of power to the national grid. The Minbu Solar Power Plant project, which will be completed in four phases, will have the capacity to generate 170MW of power and produce […]

Myanmar electricity rates to soar next month

<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> Electricity rates will increase substantially from July for both residents and businesses in the first changes in tariffs for five years, the government has announced. Monthly bills for consumers of 100 units will go up by over 70 percent. Investors in the energy sector and analysts welcomed the increase, however. Myanmar’s present electricity […]

Gov’t to Buy Electricity from China to Cover Shortfall

YANGON—The Myanmar government plans to buy 1,000 MW of electricity from a Chinese state-owned enterprise to meet an expected electricity shortage over the next two years. Myanmar, which already has Southeast Asia’s lowest rate of access to electricity, has recently been plagued by regular power blackouts due to water shortages at hydropower plants following severe […]

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 […]

Rural areas to receive electricity powered by renewable sources: Minister

Rural areas far from the national grid will get electricity through renewable energy sources, says Minister of Electricity and Energy U Win Khine. He said the government will provide electricity to these areas through renewable energy as lower population density and electricity usage may not make it economical to expand the national grid. U Win […]

Govt, investors must give and take for more oil and gas profit: expert

Prospects in the Myanmar oil and gas sector are expected to improve this year, with the government planning to hold its first international exploration and production tender since 2015 next month. On February 22, the Ministry of Electricity and Energy (MOEE) announced that it will be holding international tenders for 18 onshore and 15 offshore […]

Investor opportunities rise with upcoming tender, better contract terms

The oil and gas sector is looking exciting this year, with opportunities emerging from an international tender scheduled to take place early this year for the first time since 2014. In addition to onshore and offshore blocks, the tender is expected to include work in “Improved Petroleum Recovery” blocks at older oil fields in Myanmar. […]