Foreign firm to supply 5,000 transformers

A FOREIGN joint-venture firm will supply US$15 million for the distribution of transformers to the Ministry of Electricity and Energy (MOEE), according to an official statement from the company.

Hitachi Soe Electric & Machinery announced on September 28 that they won the tender to supply and distribute over 5,000 transformers.

This first tender aims to address Myanmar’s increasing demand for electricity. The firm will start supplying the transformers in October and will support 50 percent of Myanmar’s electrification by 2020, the company said.

Accordingly, Myanmar’s electricity demands have been rapidly soaring in recent years due to economic development. And energy infrastructure has become a major issue in order to fulfil that requirement.

However, the growing demand has not been answered yet, as 6.5 million household still suffer from the lack access to electricity. In 2016, Myanmar’s access to power supply only amounted to 37pc of the population. Full electrification is projected to be achieved by 2030.

With assistance from the World Bank, the government is already implementing the Myanmar National Electrification project to power households via a national grid. To this end, the yearly-expanding electrification programs intend to build further transformers, assistant secretary U Aung Kyaw Htoo from MOEE told The Myanmar Times.

“We got loans from World Bank and they are for transmission lines, revamping gas turbines and procurement of related accessories and transformers. It goes according to the action plan and the regular project,” he explained.

Source : Myanmar Time

To see the original Myanmar Times article click link here

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.