The Asian Development Bank (ADB) has approved a $171 million loan to Myanmar with the construction of electricity infrastructure. The fund will be used to build 44 medium voltage substations and 1,006 kilometres of distribution lines across Kayin state, the Ayeyarwady, east Bago and Magway regions. According to a statement, this will bring electricity to […]
Myanmar can leapfrog to a green energy economy
Access to stable and affordable electricity is vital for the development of the Myanmar economy and the wellbeing of its people. The Myanmar government has rightly put energy at the heart of its work and has set an ambitious target to achieve universal electricity access by 2030. To meet this target the World Bank estimates […]
Myanmar to generate more energy from hydro, solar sources
Myanmar will press ahead with the implementation of four hydropower projects to meet the country’s demand for electricity, according to Union Minister of Electricity and Energy U Win Khine Currently, Myanmar generates 3,225 megawatts (MW) of electricity, or half the country’s power supply, from 28 hydropower plants. Myanmar’s abundance of hydro-resources and lower cost of […]
Accelerating Mini-Grids In Myanmar And Expanding Energy Access To Villagers
Only 50% of households in Myanmar, one of the poorest nations in Southeast Asia, are connected to the public grid. Five years ago, the government set a goal of electrifying 100% of the country by 2030. With that in mind, in June, Miller Center for Social Entrepreneurship, together with Smart Power Myanmar and supported by […]
Myanmar aims for 14% power generation from renewable sources
Myanmar is aiming to generate 14 percent of the country’s electricity needs through renewable energy, U Win Khaing, Minister of Electricity and Energy, said during the Singapore International Energy Week 2020 held during October 26 to 30. He said Myanmar needs to choose sustainable sources of energy to support economic recovery in post-COVID-19, and added […]
The Lighting Myanmar Program
SEATTLE, Washington : The International Finance Corporation (IFC), in association with other organizations, has arranged a $3.45 million grant to the Myanmar government as part of the Lighting Myanmar program. The grant will be used to fund a rural solar electrification program that is separate from the national grid. As a result of this partnership, […]
Chinese Companies Dominate Myanmar’s Billion-Dollar Solar Tender
The solar tender has been marked by rushed land deals and a push for quick delivery, with Chinese companies winning almost all the sites. When bids were opened in Myanmar’s 1.06 gigawatt solar power tender on September 9, a few names were repeated over and over: Sungrow Power Supply Co Ltd and China Mechanical Engineering […]
Myanmar launches bid opening for 1GW solar tender
Myanmar launches bid opening for 1GW solar tender.Read More.. Source : txfnews
Letter: Myanmar gets good solar tender deal
MADAM – Your story dated September 9 “Chinese developers sweep up 1GW solar bids in Myanmar” reported that “firms from China have swept up all but one of the solar projects after a tender which was widely criticised for effectively keeping out local and most international bidders.” The article described the rate as “far lower […]
Indian investors interested in Myanmar opportunities, but more govt support needed
Since international flights to and from Myanmar were suspended in April, the IMCC has conducted several virtual trade fairs with the Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICC) in India “demystifying and highlighting growth opportunities in Myanmar.” That’s resulted in new business discussions and plans among members […]