Power supply to increase to over 55% in 2019-2020 FY

Electricity supply in Myanmar will increase to 55.72 percent in 2019-2020 fiscal year from 47.25 percent in 2018-2019 FY, according to budget data for 2019-2020 FY.

In nearly three years, over Ks-2,327 billion was invested to generate 900 more megawatts of electricity and plans are underway to generate additional 1,000 megawatts, according to the Ministry of Electricity and Energy.

“As Myanmar’s electricity consumption increases by 15 percent to 19 percent every year, the State is taking measures to meet the domestic need. Since the government took office, electricity has been prioritized in spending the State funds, he said, adding that from April 2016 to December 2019, three hydropower generator stations, six thermal energy generator stations and one solar energy generator station totalling 10 were built in the country to boost electricity generation up to 904 megawatts,” said President Win Myint during a ceremony to achieve 50 percent of national electrification project.

So far, 16,941 villages in 368 towns have had access to electricity.

Power supply is expected to increase to 55 percent in 2021-2022 FY, 75 percent in 2025-2026 FY and 100 percent in 2030.

In the current 2019-2020 FY, eight power plants capable of generating 1,400 megawatts will built by spending over Ks-695 billion.

The Ministry of Energy and Electricity is spending State budgets as well as foreign loans for national electrification project. The loan amount has reached US$621.001 million from World Bank, JICA, ADB, FFW (Germany) and other organizations.

Source: Eleven Myanmar

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