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Japan to Provide Over $1 Billion in Loans to Myanmar for Development Projects

YANGON—Myanmar and Japan have signed four loan agreements worth about US$1.1 billion (120.915 billion yen, or 1.61 trillion kyats) to fund sewerage, urban development, power distribution and infrastructure improvement projects in seven regions and states in Myanmar. The four Official Development Assistance (ODA) loan agreements were signed on Tuesday between Japanese Ambassador Maruyama Ichiro and […]

Power supply to increase to over 55% in 2019-2020 FY

Electricity supply in Myanmar will increase to 55.72 percent in 2019-2020 fiscal year from 47.25 percent in 2018-2019 FY, according to budget data for 2019-2020 FY. In nearly three years, over Ks-2,327 billion was invested to generate 900 more megawatts of electricity and plans are underway to generate additional 1,000 megawatts, according to the Ministry […]

Solar mini-grid brings power to Yesagyo’s community

Parami Energy connected 1442 households to the newly-launched mini-grid mid-December with plans to expand the coverage to more than 4000 households Magway’s Yesagyo. The first phase of the solar mini-grid has a 288-kilowatt peak capacity and involves US$1.6 million of investment in total. The renewable off-grid system received 60 percent of capital cost funding from […]

7 new power projects aim to satisfy additional power demands NEWS

Ministry of Electricity and Energy is implementing seven new power projects in order to generate an additional 1,000 MW, said Deputy Minister for Electricity and Energy Khin Maung Win, at a ceremony to open the 66-MW gas-fired power plant in Magway Township in Magway Region. In the summer of 2019, the power plant generated up […]

South Korean firm invests in Bago power project

South Korea’s MCM Power Company will invest over US$35 million on a power generation and distribution project in Pyay township, Bago, according to U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration (DICA). The gas-powered project is expected to generate 40MW of electricity. Interest in the Myanmar power sector from Hong […]

Wärtsilä awarded 40MW equipment supply contract for power plant in Myanmar

Wärtsilä has been awarded a 40MW equipment supply contract for a power plant in Shwe Taung, Myanmar. The MCM Power facility aims to help meet the nation’s increasing energy demand by feeding baseload power into the national grid and alleviate its ongoing energy shortage. The plant will operate on four natural gas engines and is […]

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 […]

Thai, Indian Firms Selected to Supply Power, Gas to Myanmar New City Near Yangon

YANGON—The main developer of a controversial new city slated for construction on the western bank of the Yangon River has selected two foreign companies to supply and distribute electricity and natural to for the project. New Yangon Development Company (NYDC) announced on Tuesday that it has chosen Thailand’s PTT Group, comprising PTT, PTTEP and GPSC, […]

Tanintharyi calls for tender to supply Dawei with power

In a move to ensure that Tanintharyi Region’s capital Dawei continues to have electricity, the regional government has invited companies to bid for a new tender to supply electricity to the capital and surrounding area, known as Dawei district. The regional minister for electricity and energy U Aung Thura told The Myanmar Times that the […]

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 […]