Turkish Powership Sets Sail

A Turkish-built floating power plant capable of generating 480 megawatts will cross the seas to Myanmar next year to help beat blackouts in the Yangon region. The Karadeniz Powership Onur Sultan was launched in Istanbul on November 13. Karadeniz Holding officials said the vessel – which they called the “world’s largest floating power plant” – […]

Electricity problems persist despite progress

Despite increased investment in Myanmar’s electricity sector in 2013, including by international financial institutions, sustainable development remains a challenge. Only 26 percent of the population has access to government electricity supplies, government figures say, while in the past year new projects to increase production and a proposal of price hikes to reduce consumption and bring […]

Yangon power plants in limbo

Work on power plants slated to generate some 300 megawatts of electricity in the Yangon area has halted awaiting government approval of a standard power purchasing agreement (PPA) for the industry, according to U Zeya Thura Mon, CEO of power plant developers Royal GK Pte Ltd. The construction stoppage comes as Myanmar projects a significant […]