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Deal Signed to Purchase Power from Kyaukphyu Power Plant Project

According to a statement from the MOEE, the power purchase agreement (PPA) was signed last Tuesday. Kyauk Phyu Electric Power Co is a joint venture between Myanmar’s Supreme Group and Chinese state-owned firm Power China. The gas-fired power plant in Kyaukphyu, Rakhine State, is one of four projects expected to generate a total of 3111MW […]

Myanmar State Firm Signs Deal to Buy Electricity From Strategic Chinese Project in Rakhine

YANGON—A Myanmar state-owned enterprise has inked a power purchase agreement with a Myanmar-China joint venture company that is developing a 135-megawatt (MW) power plant project in Kyaukphyu, in western Myanmar’s Rakhine State. The plant is one of the strategic projects that make up the Myanmar section of Beijing’s grand infrastructure plan, the Belt and Road […]

Myanmar’s Energy Prospects, Emergency Tenders and Renewables

Katie Patterson of Myanmar Energy Monitor talks to The Myanmar Times about the impact of Myanmar’s electricity tariff hikes, next year’s blackout risks, the potential of renewables and the sector’s investment prospects The Myanmar government has put in place the National Electrification Plan to achieve 100 percent electrification by 2030, but implementation is behind schedule, […]

Govt officially discloses results of energy tender after delay

Myanmar’s Ministry of Energy and Electricity has finally disclosed the tender results for five emergency power projects, one and a half months after issuing the letters of acceptance and following earlier Myanmar Times reports. The government issued a tender for five projects in June to bring in plants and barges with the aim of adding […]

Myanmar’s draft oil and gas bill jeopardises next bidding round

Uncertainty and confusion over Myanmar’s proposed oil and gas law risk alienating existing investors and could undermine the next crucial bidding round, according to companies and experts in the sector. Time is running out for the Ministry of Electricity and Energy to launch the round by the end of the year, having initially planned to […]

Taking a Quantum Leap to Revamp Myanmar’s Economy

YANGON—Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as […]

Foreigners welcome to set up retail-petroleum business

Foreign oil and gas companies with retail operations can apply to set up their businesses in Myanmar, a senior official with the Ministry of Electricity and Energy (MOEE) told The Myanmar Times. While Myanmar remains the only member of Asean that does not allow 100 percent ownership in retail petroleum operations, it has allowed foreign […]

Power purchase tenders called for summer 2020

The Electric Power Generation Enterprise (EPGE) under the Ministry of Electricity and Energy (MOEE) has called for purchase tenders at five power projects with the aim of producing over 1000MW of energy in time for summer next year. The invitation comes after State Counsellor Daw Aung San Suu Kyi last week officiated the opening of […]

Wärtsilä Operation and Maintenance agreement will help Kyaukse Power Plant to meet its supply obligations to the National Grid in Myanmar

The technology group Wärtsilä will support the 145 MW Kyaukse gas engine power plant in, Mandalay region, Myanmar, in meeting its availability guarantees and other obligations through a 5-year Operation and maintenance agreement. The agreement has been signed with the plant owners, PowerGen Kyaukse Co. Ltd., in February 2019 and the order was booked in […]

Confusion arises on settlement of gas debts in Tanintharyi region

Global Grand Services Co Ltd (GGS), which distributes electricity produced from natural gas in Tanintharyi Region, owes billions of kyat to the Ministry of Electricity and Energy (MOEE), an official of the ministry has told The Myanmar Times. Some two million cubic feet (56,600 cubic metres) of natural gas is provided daily to GGS with […]