YANGON — Myanmar needs to invest twice as much and implement projects three times faster to address its rapidly growing demand for electricity, the World Bank said. The figures presented in its Myanmar Economic Monitor, a biannual report released on Tuesday, indicated that Myanmar’s electricity supply will further deteriorate without a steep increase in investment […]
World Bank Puts Myanmar’s Power Investment Needs at $2B a Year
July 1, 2019 by
YANGON—To sustain economic growth, Myanmar needs to invest up to US$2 billion (3.06 trillion kyats) annually in its electricity sector, according to a World Bank report released on Tuesday. In the report, “Myanmar Economic Monitor: Building Reform Momentum”, the World Bank said Myanmar’s economic growth is expected to rise to 6.5 percent in fiscal 2018-19, […]
Electricity sector could lose K630billion in 2018-19
August 1, 2018 by
The electricity supply sector is forecast to lose about K630billion in the coming 2018-19 fiscal year, said Dr Tun Naing, deputy minister for Electricity and Energy, told Pyidaungsu Hluttaw yesterday. “Power generation and distribution is expected to lose about K629.9 billion in the fiscal year of 2018-19,” Dr Tun Naing said during his presentation. In […]
Tourism tops investment poll
December 9, 2014 by
The tourist sector is receiving the most local investment, followed by industry and construction, according to the Myanmar Investment Commission (MIC). Aung Naing Oo, secretary of the MIC, said: “Investment has been allowed since 2011-2012. There were 34 projects by Myanmar investors worth Ks 240 billion (US$240 million) in 2011-2012. A total of 65 projects […]
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