Energy Sector

PetroChina opens its first filling station in Myanmar

April 22, 2019 by Thiha

PetroChina International has launched its service station in Myanmar, marking the Chinese state-run oil major’s first foray into the country’s fuel station market. The filling station is a joint venture between PetroChina International’s Singapore unit Singapore Petroleum Co (SPC) and Shwe Taung Energy Co, a subsidiary of Shwe Taung Group. Shwe Taung said it will […]

Filed Under: Latest News Tagged With: China National Petroleum Co (CNPC), Energy Sector, first filling station, fuel station market, joint venture, Myanmar, PetroChina International, Shwe Taung Energy Co, Singapore Petroleum Co (SPC), Singapore refinery, SPC brand, Yunnan refinery

Wärtsilä Operation and Maintenance agreement will help Kyaukse Power Plant to meet its supply obligations to the National Grid in Myanmar

March 22, 2019 by Thiha

The technology group Wärtsilä will support the 145 MW Kyaukse gas engine power plant in, Mandalay region, Myanmar, in meeting its availability guarantees and other obligations through a 5-year Operation and maintenance agreement. The agreement has been signed with the plant owners, PowerGen Kyaukse Co. Ltd., in February 2019 and the order was booked in […]

Filed Under: Latest News Tagged With: electricity, Energy Sector, Kyaukse gas, MOEE, power plant, PowerGen Kyaukse, Wartsila

Aik Htun: Driver turned Tycoon

December 21, 2018 by Thiha

For the owner of a business of any size, integrity is key. This is the principle that has brought U Aik Htun, one of the richest businessmen in Myanmar, through ups and downs. “The biggest secret of success is honesty and integrity,” said U Aik Htun, chair of conglomerate Shwe Taung Group, speaking in fluent […]

Filed Under: Latest News Tagged With: agricultural products, Asian Infrastructure Investment Bank, Belt and Road Initiative, BRI, Building Materials, China, dam, electricity, Energy Sector, Europe, Hledan Junction flyover, Hledan Junction flyover project, Inle Lake, integrity, International Business Promotion Centre, Junction 8, Junction City, Junction City Tower, Mandarin, Myitnge River, RCC, Real estate sector, retail shop, rich family, richest businessmen, Shan State, Shwe Taung business, Shwe Taung Group, solar power, Southeast Asia, State Owned Economic Enterprises Law, Tai ethnic, U Aik Htun, wholesale, Yangon, Yeywa Hydropower Station, Yunnan Province

Myanmar energy firm plans $35m investment

December 17, 2018 by Thiha

DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG (liquefied petroleum gas) business over the next three years, according to Group CEO Ken Tun, aka Pyae Wa Tun. He told a media roundtable on […]

Filed Under: Latest News Tagged With: architecture, Chinese companies, Deforestation, downstream, electricity, Energy, Energy Sector, energy solutions, environment-friendly, female agents, female distributors, forest coverage, fuels, innovative leader, investment, Licence A, Liquefied Petroleum Gas, LPG, Magway, marine jetty, Middle East, mini-power-grids, modern energy, Pa-O autonomous zone, Parami Energy, Parami Energy Group of Companies, rural, rural areas, safe, Sahamitr Pressure Container Plc, SMPC, southern Shan State, state-of-the-art systems, Thanlyin, Yangon

Myanmar faces energy crossroads

July 24, 2018 by Thiha

Myanmar’s government has announced new oil and gas tender plans just as green shoots are being sighted in Southeast Asian upstream investment. But the country’s private sector has said tough fiscal measures must be carefully revised to entice international energy investment. The Ministry of Electricity and Energy plans to offer 18 onshore and 13 offshore […]

Filed Under: Latest News Tagged With: Energy Sector, moge, Myanmar, the Ministry of Electricity and Energy

Rakhine receives funds from energy projects for education and infrastructure

February 23, 2018 by Thiha

Rakhine State has received over Ks760 million from the Shwe gas project and over US$0.8 million from the Southeast Asian oil and natural gas project for its education and basic infrastructure sectors, according to a report of a committee on implementing recommendations on Rakhine State. The report said the investment committee had been formed on […]

Filed Under: Latest News Tagged With: Caterpillar Company, Construction Sector, education and infrastructure, energy projects, Energy Sector, Foreign Investment Law, hotel and tourism sectors, ILO, International Labour Organization, investment committee, Khine Pyae Soe garment factories, Kyaukpyu Township, labour market assessment, livestock and fishery sectors, LMA, Mining Sector, Myanmar Citizens Investment Law, natural gas project, rakhine, Service Sector, Shwe Gas Project, Shwe Kyar loom factory, Southeast Asian oil, the Directorate of Investment and Companies Administration, Vocational trainings

EGAT and PTT join forces

February 13, 2018 by thiha

National oil and gas conglomerate PTT Plc has entered into a collaborative agreement with the Electricity Generating Authority of Thailand (Egat) to develop energy and gas businesses. PTT and Egat on Friday signed a memorandum of understanding (MoU) to tackle the forces disrupting the energy sector, oversee investment projects and seek new business opportunities. The […]

Filed Under: Latest News Tagged With: Electricity Generating Authority of Thailand (Egat), Energy Minister Siri Jirapongphan, Energy Sector, environmental impact assessment report (EIA), floating storage re-gasification unit (FSRU), Kornrasit Pakchotanon, liquefied natural gas (LNP), Malaysia-Thailand Joint Development Area, Myanmar, PTT chief executive Tevin Vongvanich, PTT Plc, Thailand

India to Develop Energy Network in Rakhine State of Myanmar

September 29, 2017 by Thiha

India is very keen to explore the shared future in energy network along with three key neighbouring countries, Bangladesh, Myanmar and Nepal. These three countries have assured India at the highest level that it will abide with the Indian proposal to build energy networks. Simultaneously, there has also been positive signs of giving greater participation […]

Filed Under: Latest News Tagged With: Bangladesh, Energy Network, Energy Sector, foreign, India, Indian Companies, Indian government company ONGC, Indian proposal, Minister of Petroleum & Natural Gas Dharmendra Pradhan, Myanmar, Nepal, North Eastern states, PM Narendra Modi, Prime Minister Sheikh Hasina, private sector, Rakhine State

High potential of Myanmar Economy

September 5, 2017 by Thiha

The topic of economic transformation in Myanmar was thoroughly discussed at the Forum on Myanmar Democratic Transition held from 11 to 13 August 2017 in Nay Pyi Taw. The talks could generally be summed up that despite the slow economic take-off in Myanmar, the good potential of the Myanmar economy will be seen in the […]

Filed Under: Latest News Tagged With: bankruptcy, China, correct economic policy, democratic transition, economic transformation, Energy Sector, FDI, Foreign Direct Investment, future, government, government expenses, IMF, industries, Inflation rate, Myanmar Democratic Transition, Myanmar economic growth rate, Myanmar economy, natural resources, Nay Pyi Taw, NLD, other services, Policy, present economic situation, Professor of Economics, resource-relying economy, Sean Turnell, singapore, Taxes, telecommunications, Thilawa Industrial Zone, USD, Vietnam, World Bank

Coal power central to gov’t energy plans

February 16, 2016 by thiha

Myanmar’s energy sector will require investment of between US$30 billion and $40 billion over the next 15 to 20 years, and should focus on coal power, according to the government’s Energy Master Plan, published last month. Domestic energy consumption is forecast to almost double to 21.9 million tonnes of oil equivalent (mtoe) in 2030 from […]