Myanmar’s junta has lost some 2 trillion kyats (U.S. $1 billion) in revenue from its military-operated power company since seizing power seven months ago amid a widespread public boycott of the paying of electricity bills, according to the country’s shadow National Unity Government (NUG).
A Hong Kong-listed power generation company has pulled out of two power station projects in Myanmar after facing “challenging times” amid economic turmoil caused by the February 1 coup.
BANGKOK/YANGON — Myanmar’s electricity supplies have been threatened by collapsing revenues since the Feb. 1 military takeover, with urban areas suffering frequent power failures and prolonged blackouts amid a widespread boycott of electricity bill payments.
The military regime is seeking tenders to implement 12 solar power projects to raise foreign currency, with some 40 firms including Thai and Chinese companies planning to make bids.
Prior to the Tatmadaw’s illegitimate takeover of the elected government on February 1, 2021, South Korea and Myanmar had seen growing connections in various civil and governmental sectors, ranging from infrastructure to cultural exchange. One notable area of cooperation has been the Shwe Natural Gas Project, a large-scale natural gas extraction project in the Bay […]
DESPITE attempts from Myanmar’s military to rejuvenate foreign direct investments (FDI), a report from Fitch Solutions said these will likely hit roadblocks due to sanctions on military-linked businesses and political instability.
An orphanage in Haiti and a Covid response center in Myanmar will receive energy storage systems through a SimpliPhi Power donation program that aims to provide clean energy to communities in need. The donations are through “IDEA: a campaign to Deliver Energy Access,” an initiative SimpliPhi Power started in January with several partners.
Almost two decades ago, in a small hillside town in southern Shan State, Myanmar’s largest coal-run power plant was built. Tigyit has been forever changed by this joint venture between the China National Heavy Machinery Corporation and a group of Myanmar businessmen affiliated with the country’s ruling generals who were responsible for the coup d’état […]
PTT Group is putting its power business on the fast track, with generation capacity expected to increase by at least 1 gigawatt each year in a bid to achieve a target of 16GW by 2030.
Chevron’s recently assembled activist Board of Directors is moving the oil giant to suspend payments from a gas joint venture involving an offshore gas pipeline in the Yadana fields in southwest Myanmar that would have reached Myanmar’s military junta. French energy major Total has joined Chevron in shutting down the money flows to the junta.