Yangon works with China to lay down development plan for new city project

New Yangon Development Company (NYDC) on Monday signed a framework agreement with China Communications Construction Company (CCCC) under which the two parties will carry out the necessary surveys and studies needed to develop and implement a new city in Yangon. NYDC is backed by the Yangon Regional Government, while CCCC is one of the largest […]

New Yangon City Phase-1 expected to cost over $ 1.5 bln

Infrastructure development of New Yangon City Phase-1 is expected to cost over US$ 1.5 billion, Yangon region Chief Minister Phyo Min Thein said at a press conference on the launch of New Yangon Development Co Ltd (NYDC) at Lotte Hotel in Yangon on March 31. Phyo Min Thein, Yangon region Chief Minister said: “The establishment […]

Total targets final decisions on Myanmar, Ivory Coast LNG projects this year

SINGAPORE, Feb 28 (Reuters) – France’s Total expects to take a final investment decision (FID) on liquefied natural gas (LNG) import projects in Myanmar and Ivory Coast this year as part of the oil major’s expansion into emerging markets, an executive said on Wednesday. Jean-Pierre Mateille, vice president of trading at Total Gas & Power […]

India explores “cheap power” sales to neighbours

India is exploring selling “cheap power” to its South Asian neighbours and Myanmar on a long-term basis and wants state utility NTPCBSE -0.92 % to expand overseas, its power minister said on Tuesday. Indian companies such as Reliance PowerBSE 1.98 % Ltd and Adani Power Ltd have already signed agreements to supply power to Bangladesh, […]

Can LNG fill Myanmar’s power gap?

As such, the government has identified electricity as its top priority. Under the Myanmar National Electrification Plan (NEP), it aims to achieve 100 percent electrification by 2030. This will involve achieving a total of 24,000 MW of electricity generating capacity, which, in turn, requires vast infrastructure investments in power sector. That’s because the 24,000 MW […]

Thai Exim Bank to open rep office in Yangon

The Export-Import Bank of Thailand will open a representative office in Yangon, Myanmar, in April to assist the start-up or expansion of Thai companies there. Bank president Pisit Serewiwattana said.the Exim Bank has been given a licence to open an office in the former capital city by the Central Bank of Myanmar. The next step […]

Myanmar targets 17-fold rise in coal-fired power by 2030

THE southern part of Myanmar is being eyed for new coal-fired power plants, in line with the country’s electricity-generation master plan that will boost the coal-fired power ratio 17-fold by 2030. Aye Min, deputy director for thermal power planning, told the “Myanmar Electric Power Convention” last Thursday that most hydropower projects were located in the […]

Danish Turbine-maker in Wind Farm Plan for Mon State

Burma could soon add more renewable power to its energy mix, as the world’s largest producer of wind turbines signed an agreement with a local company to explore a wind farm project in Mon State. Myriad plans for new power generation are being touted as Burma looks to meet rising demand for energy, with domestic […]

Shan State invites firms to build small power plants

The Shan State government is inviting businesses to build small power plants of 30 megawatts and below under a BOO (build-operate-own) system for producing and distributing electricity. Firms are asked to submit registration documents, maps of the proposed plant’s location and project plans to the Ministry of Electric Power, Ministry of Industry and Shan State […]

US Investment Limited, Focused on Energy: MIC

Investors from the United States are most interested in the energy sector among the potential investment options in Myanmar, according to secretary general of the Myanmar Investment Commission (MIC) U Aung Naing Oo. “We have learnt that they want to invest in electricity generation, natural gas extraction as well as the infrastructure and tourism sectors. […]