According to the National Electrification Project (NEP), the ministry has started implementing the first phase of power supply project to electrify 5,080 villages with a two-mile radius of the national power grid, in January, 2019, said Union Minister for Electricity and Energy Win Khaing. Upon completion of the first phase project, about 626,757 households in […]

Power generation by renewable energy to be used for Hpa-an industry zone and Myawady economic zone will be finalized in six months, said Nan Khin Htwe, Chief Minister for Kayin State. “Good opportunities for those wishing to make investment will come into view. Power will be available from the national grid and other resources,” said […]

YANGON, Feb. 2 (Xinhua) — A total of seven regions and states will soon get electricity access under the National Electrification Plan (NEP), the official Global New Light of Myanmar reported on Saturday. As part of the NEP, the Electricity Supply Enterprise (ESE) under the Ministry of Electricity and Energy and 12 tender-winning companies signed […]

Any rise in electricity rates to be announced this year will take into account the needs of ordinary people, Deputy Permanent Secretary of the Ministry of Electricity and Energy (MOEE) U Soe Myint has told� The Myanmar Times. “An increase in rates will take place this year, but only after we seek recommendations from all […]

HE Ministry of Industry will encourage the manufacturing of electric vehicles in spite of the difficulties involved, said Minister of Industry U Khin Maung Cho. He said this at an event organised by local car assembler Dagon Arman Thit Co to launch three new car models in the local market on Sunday. Dagon Arman Thit […]

Part of the controversial Myitsone Dam project, which was suspended by the government of President U Thein Sein in 2011, in northern Kachin State. (AFP) If Myitsone issue fails to be resolved after a long delay, it will seriously hurt the confidence of Chinese entrepreneurs in investing in Myanmar. Therefore, China and Myanmar are in […]

Plans are under way to generate an additional over 2,700 megawatts as the nationwide power consumption is expected to hit around 4,531 mw in 2020-2021, said Win Khaing, Union Minster for Electricity and Energy on January 9. Currently, the country’s nationwide power consumption is increasing from 15 per cent to 19 per cent. To meet […]

Myanmar Investment Commission (MIC) granted the permits to nine new investments including CMP factories and LPG businesses at its meeting on January 11. The nine new foreign investments are: meat packaging, rice and rice mill products, animal feed production, baby chicks production, CMP garment industries, power production, LPG industry, warehouse and logistics services and vehicle […]

After a drop in prices of K150 a litre, fuel prices are likely to rise again within a few days according to retailers. Since December 20, local prices for fuel have been falling in line with a drop in the prices of crude oil on the international market. “But the oil prices started rising again […]

Since sanctions by the United States (US) and European Union (EU) were lifted, Myanmar has enjoyed relatively strong economic growth. According to the Economist Intelligence Unit (EIU), Myanmar’s economy has grown at an average of 7.5 percent between 2012 and 2017. Its economy is slated to accelerate further, driven by a spike in private and […]