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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. […]

National Electrification Project Procurement Notice: Installation of Distribution Lines and Transformers for Mandalay. Closing Date 20 Dec 2018

THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF ELECTRICITY AND ENERGY NATIONAL ELECTRIFICATION PROJECT SPECIFIC PROCUREMENT NOTICE Date      : 20th November 2018 Invitation for Bids IDA, Credit No: 5727-MM Contract Title     :    Installation of Distribution Lines and Transformers for Mandalay and Adaptation Villages in Sagaing, Magway, Rakhine, Shan (North), Shan (South), […]

Weststar unable to start operations despite winning tender process

Weststar Aviation Service, which won a tender for providing helicopter services to offshore oilfields in Myanmar in April last year, is experiencing losses as it has yet to receive approval from the Ministry of Electricity and Energy (MOEE) to start operations, which were meant to have commenced on March 21, said Daw May Thant Zin, […]

Govt still mulling hike in electricity tariffs, explores solar options

The government is once again discussing plans to raise electricity charges to partially offset widening losses from subsidising electricity tariffs. “We need to increase prices quickly as electricity consumption is now expected to rise by more than expected,” said U Soe Myint, deputy permanent secretary of the Ministry of Electricity and Energy (MOEE). According to […]

Next round of oil and gas tenders to be held after review

Myanmar will review and revise some of the existing terms and conditions to its oil and gas contracts which pose difficulties to investors before calling for its next round of oil block tenders, one senior official from the Ministry of Electricity and Energy (MOEE) told The Myanmar Times. “More important than calling for tenders is […]

MOEE lowers price of electricity meter boxes for residents

Fees for residential electricity meter boxes will be revised downwards with effect from April 1 according to an official statement from the Electricity Supply Enterprise under the Ministry of Electricity and Energy (MOEE) l Under the new pricing scheme, consumers will be organised under rural use, small-city use and big-city use and charged different rates […]

Government still negotiating LNG import, purchase price

The Ministry of Electricity and Energy (MOEE) is still negotiating the terms of several power purchase agreements (PPA) which will determine the amount of power that will be purchased and distributed to the public over the next three years. The PPAs are being discussed with parties involved in importing and converting liquefied natural gas (LNG) […]

Government to link Dawei to Mawlamyine station

Myanmar will invest in building the necessary infrastructure needed to link Dawei in Tanintharyi Region to a power station in Mawlamyine in Mon State, enabling Dawei to gain access to electricity, said Dr Tun Naing, deputy minister at Ministry of Electricity and Energy (MOEE). This will involve a 60-mile, 66 kilovolt power transmission line linking […]

South Korea eyes Myanmar investments in manufacturing, infrastructure

South Korea is eyeing expansion opportunities in manufacturing and infrastructure in Myanmar. At the Myanmar-Korea Investment Promotion Seminar in Yangon on Thursday, a delegation of 13 South Korean countries met with officials from the Ministry of Transport and Communication and Ministry of Electricity and Energy (MOEE), seeking opportunities to invest in the two sectors. “We […]

Elite Company joins LPG race

Elite Company has been granted permission to distribute Liquefied Petroleum Gas (LPG) in Myanmar, director of State-owned Myanma Petrochemical Enterprise (MPE) U Aung Myint told The Myanmar Times after a press conference on October 12. LPG is a flammable mixture of hydrocarbon gases used as a substitute for electricity in cooking. Elite Company will start […]