Nation’s electricity production expected to exceed estimates

Myanmar can produce about 200 more megawatts of electricity than estimated in fiscal year 2018-2019, said U Maung Maung Win, deputy minister of the Ministry of Planning and Finance.

He made the comment while discussing the Joint Public Accounts Committee report on the six-month national plan and income in the Pyidaungsu Hluttaw (Assembly of the Union) on Tuesday. The Ministry of Electricity and Energy expects to produce 5865MW by the end of the fiscal year, according to the national plan.

It produced 5901MW during the six-month period ending in March, exceeding the estimate of 5865MW, or 36MW more than expected, he said.

It expects to produce another 153MW surplus during the second six-month period. “The ministry expects to produce (MVA) 6054MW of power by the end of this year,” he said, or 189MW more than the original goal.

As the country has to provide billions of kyat in electricity subsidies, people are encouraging the sector’s privatisation, but the country would then have to buy power back, so such a move is not possible yet, said Deputy Minister of Electricity and Energy U Tun Naing.

If Shwe Li No. 3 Hydropower Plant was permitted for private operation with foreign investment, the government wouldn’t have to spend any money for it, but the energy would have to be purchased at K101 per unit. “Privatisation of every non-performing state enterprise will not solve all the problems,” he said.

The private sector is generating power now. In the first six months of this year, the country’s 17 private power plants produced 42.48pc of total output, he said. There are also plans to transfer some hydropower projects to the private sector.

Source: Myanmar Times

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