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More FDI expected in power sector in five years

Myanmar’s power sector will spearhead growth in the infrastructure industry and draw the bulk of foreign direct investments (FDI) over the next five years, Fitch Solutions Macro Research said in a report released April 23. With just 40 percent of all households enjoying access to electricity as at September 2017, which is amongst the lowest […]

Minister calls for policy change in power sector to address outages

A regional minister on Tuesday underscored the need to revamp the country’s energy policy in order to address the perennial problem of power outages, especially during the summer months when the demand for electricity soars. Mandalay Region Electricity, Energy and Construction Minister U Zarni Aung apologised to the people for the frequent blackouts over the […]

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, […]

Myanmar moves forward

The government of Myanmar is about to take dramatic steps to spur economic development and improve government efficiency. Several significant cabinet changes are in the pipeline, detailed economic strategies are being finalised and a shake-up in the bureaucracy is already under way. These planned changes in ministerial personnel are aimed at strengthening the government’s leadership […]

Foreign assistance vital in boosting energy in Myanmar

FINANCIAL and technical assistance from international governments and institutions will be as important as foreign direct investment (FDI) in order to boost Myanmar’s power sector development, an energy official has said. Win Khaing, a member of National Energy Management Committee (NEMC) and president of Myanmar Engineering Society, said at the 6th Myanmar Oil and Gas […]