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Myanmar seeks Malaysian FDI in energy, plantations

MYANMAR is seeking more foreign direct investment (FDI) inflows from Malaysia to help develop its key economic sectors. Malaysian conglomerates have been called to capitalise on the country’s increasing demand for electricity and vast areas of untapped land by bidding for energy projects and expanding oil palm cultivation capacities in Myanmar. Former Deputy Finance Minister […]

Solar panels light up thousands of homes in Kayin State

Over 11,000 rural households in Kayin (Karen) State are set to newly receive electricity thanks to a long-awaited solar panel program. Under the National Electrification Project (NEP), the World Bank and the Department of Rural Development are installing heavily subsidized solar panels, which were sold to villagers at a fraction of the real cost. The […]

Thilawa SEZ to build 50-MW gas-fired power plant

Thilawa Special Economic Zone (SEZ) plans to build a 50-MW power plant and another 20-MW power needed for SEZ will be taken from the national power grid, according to Myint Zaw, marketing chief from Myanmar Thilawa SEZ Holdings Public Ltd. “Currently we got the green light to take 20-MW from the national power grid. The […]