fbpx

Solar could lower power costs for local business, IFC study reveals

Distributed solar solutions can help businesses in Myanmar bring down their power costs and climate impacts, a study by the International Finance Corporation (IFC) reveals. The study estimates that there are more than 700 megawatts worth of potential commercial and industrial solar projects in Myanmar, which is equivalent to around 10 percent of the country’s […]

The world bank’s latest report on Myanmar: 5 takeaways on growth and risks

The World Bank’s latest forecast predicts that Myanmar will see positive growth, risks and challenges in the short- to mid-term future. The forecast highlights the country’s growing GDP and reductions to poverty as well as increasing inflation and fiscal deficits. The World Bank’s “Weathering Growing Risks” report for East Asia and the Pacific, released on […]

Myanmar Among World Bank’s Top 20 for Business Ease Improvements

YANGON – As the Myanmar government makes efforts to complete its ambitious goal to reach the top 100 of the World Bank’s ease-of-doing-business index 2020, the country was listed among the top 20 most-improved countries. A World Bank report listed Myanmar in the top-20 improvers in Doing Business 2020, alongside China, Bangladesh and India. It […]

Invitation for Bids – ACSR Conductor for National Electrification Project, Deadline: 1st November, 2019

THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR NATIONAL ELECTRIFICATION PROJECT SPECIFIC PROCUREMENT NOTICE INVITATION FOR BIDS IDA Credit No.:_5727-MM Date: 17th September, 2019 Contract Title: ACSR Conductor for National Electrification Project Reference No. : MOEE-NEP-P2/C1-G4/19 The Ministry of Electricity and Energy has received financing from the World Bank towards the cost of […]

Invitation for Bids – Concrete Poles for National Electrification Project, Deadline: 30th October, 2019

THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR NATIONAL ELECTRIFICATION PROJECT INVITATION FOR BIDS SPECIFIC PROCUREMENT NOTICE IDA Credit No.:_5727-MM Date: 16th September 2019 Contract Title: Concrete Poles for National Electrification Project Reference No. ICB: MOEE-NEP-P2/C1-G8/19 The Ministry of Electricity and Energy has received financing from the World Bank towards the cost of […]

NZMCC – Meeting of the Minds Forum, 26 Sep 2019

We are delighted to announce our next event on Thursday 26 September, ‘Meeting of the Minds’ – Experts discuss Myanmar’s Economic Performance and Outlook. What are the pressing issues in the villages and towns, in the international investment community, for commercial people on the ground? This event will be a panel discussion with experts deeply familiar […]

Myanmar appoints ex-world bank economist deputy minister

The Myanmar President’s Office on Thursday appointed former World Bank economist and poverty specialist Dr. Min Ye Paing Hein as deputy industry minister. Among his responsibilities will be promoting private investment in state-owned enterprises to make them commercially viable. Aged 41, the holder of a PhD from a US university will be the youngest minister […]

Invitation for Bid, National Electrification Project, Deadline: 26th September, 2019

MINISTRY OF ELECTRICITY AND ENERGY THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR NATIONAL ELECTRIFICATION PROJECT SPECIFIC PROCUREMENT NOTICE Invitation for Bids IDA Credit No.:_5727-MM Date: 14th August 2019 Contract Title: Steel Parts for 11kV Distribution Line and Transformer Station for National Electrification Project Reference No. : MOEE-NEP-P2/C1-G7/19 The Ministry of Electricity and […]

Solar power shines in Myanmar

Myanmar’s launch of its first commercial solar plant last month is a step in the right direction for a country that has yet to provide more than half of its citizens with proper access to electricity. Constructed on over 836 acres of land, an area equivalent to almost 530 football fields, the Minbu Solar Power […]

World Bank warns Myanmar to double electricity sector investment

YANGON — Myanmar needs to invest twice as much and implement projects three times faster to address its rapidly growing demand for electricity, the World Bank said. The figures presented in its Myanmar Economic Monitor, a biannual report released on Tuesday, indicated that Myanmar’s electricity supply will further deteriorate without a steep increase in investment […]