Yangon will deploy a new K30 billion (US$22 million) 25-megawatt mobile generator to meet the city’s electricity demand during peak periods and emergencies. The TM2500 generator (pictured below) by GE Myanmar will be funded under the President’s Reserve Fund. GE and its partner, Golden Green Energy, transferred the TM2500 to the Yangon Region Government in […]
No plan for Coal-Fired Plant: Tanintharyi Chief Minister
August 3, 2017 by
Tanintharyi Region Chief Minister Le Le Maw insisted a coal-fired power plant project would not be launched during her tenure, as she outlined the regional government’s progress over the past year at a press conference yesterday. She said she had ditched the plan despite being pressured constantly by the Union government to go ahead with […]
Oil and Gas Sector Needs Efficient Pipelines
June 27, 2017 by
The Myanmar government urged EU companies to invest in the country’s energy sector as industry insiders noted that gas exploration is one of the biggest opportunities in the power-hungry Southeast Asian country. Xavier Preel, general manager of Total E&P Myanmar, said energy and infrastructure are the two main priorities of the current government. “Our counterpart […]
No Further Bidding Round for PSC Blocks
June 7, 2017 by
There are no immediate plans to hold another bidding round for the oil and gas blocks in Myanmar, a senior official from the Ministry of Electricity and Energy (MOEE) told The Myanmar Times. “No plan has been made for a new bidding round. There isn’t any plan under arrangement on the management level,” he said. Bidding […]
Fuel Storage Terminal with US$92m FDI to Start Operation at Thilawa Port
May 16, 2017 by
The first and largest fuel storage terminal in Myanmar, which has involved US$92 million of investment, opened during the first week of May, said officials from Puma Energy Asia Sun (PEAS). The storage terminal will begin operation at Thilawa port in Yangon, and is a joint-venture between Puma Energy and Asia Sun Energy. Puma Energy, […]
President’s Reserve Fund to Ensure Yangon Power Supply
April 25, 2017 by
The President’s Reserve Fund will be used to ensure there is sufficient electricity supply in Yangon in the coming summer, Chief Minister U Phyo Min Thein said. He announced this after a meeting among some Union ministers and entrepreneurs at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) office on April […]
China’s Trans-Myanmar Pipeline to Start Pumping Oil in May
April 11, 2017 by
A pipeline pumping crude oil from Myanmar ’s Rakhine coastline into Yunnan Province in China will finally be operational in May after several delays, according to the Thura Swiss market research company based in Yangon. An official from investors Southeast Asia Crude Oil Pipeline (SEAOP) was cited in local and Chinese media reports this week […]
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