Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP

U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview. Q: Please tell us about the current economic situation in Myanmar? A: At the present period, global economy […]

Upgrade Underway to Improve Power in Yangon

The government is upgrading electricity generation, transmission and distribution in Yangon Region, Daw Nilar Kyaw, minister of Electricity, Industry, Transport and Communication, told a news conference to mark the first anniversary of the government. She said that during fiscal 2016-17, the Yangon Electricity Supply Corporation (YESC) installed new cables in a pilot project in Hlaing, Dala, Tarmwe and Hlaing […]

Affordable Electricity Benefits Industrialists while Rural Dwellers Pay High Prices: Deputy Minister

​​ Business owners have enjoyed profits from affordable electricity while rural residents have to rely on expensive private power supplies, said Dr Htun Naing, deputy minister for electricity and energy, who has called for funding for another generator. He said: “We acquire electricity from private hydropower stations for around Ks68 (US$0.05) per unit and from […]

Yangon Needs to Generate More Power: Minister

​​ Yangon Region will need more power this year, according to Dr Htun Naing, deputy minister for electricity and energy. He asked Parliament on March 13 for Ks30 billion (US$22 million) to purchase a generator of 25 megawatt capacity. Yangon may need 200 more megawatts, since Ywama power plant can increase production up to 75 […]

Yangon Braced for Hot-Season Power Cuts

​​ Nilar Kyaw, Yangon Region’s minister of electricity, industry, roads and communications, says the city is expected to suffer regular blackouts during the hot season.  Some townships in Yangon are reporting regular power outages. “In Thingangyun Township, there was a power outage last night. It lasted about one hour,” said a resident.   Kyaw Win, union minister […]

YESC Stepping in to Provide Electricity

​​ Yangon Electricity Supply Corporation (YESC) has pledged to support the electricity infrastructure for developers in Yangon. On August 12 last year, the YESC announced that all developers applying for a Building Completion Certificate (BCC) from Yangon City Development Committee (YCDC) would need to determine whether or not the building required the installation of a […]

Burma’s Electricity Demand Predicted to Nearly Double By 2020

RANGOON — Demand for electricity consumption in Burma could double over the next four years, the Asian Development Bank (ADB) and government officials have predicted. Electricity consumption throughout Burma is limited to 2,500 megawatts per day, while total production is 4,500 megawatts from both hydropower and thermal power production. The commercial capital of Rangoon accounts […]

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” – […]

Developers push back on YESC power play

Dozens of construction firms sent a joint letter to the Yangon Region government challenging an August directive from the Yangon Electricity Supply Corporation to install transformers on new buildings that use more than 30 kilowatts of electricity. The letter, dated September 28 and signed by 40 local developers, says that not all construction companies can afford to […]

Power plant tender winner to be announced next week

The Ministry of Electricity and Energy will announce the winners of a tender to build a 300-megawatt power plant in Yangon next week, ministry officials said. The tender was issued in July for a five-year contract to supply 300MW of power to Yangon each day – the government’s first tender after taking office in April. Of the […]