More than 40,000 households will now receive electricity following the scheduled completion and opening of a combined-cycle gas power plant in Thaketa township, Yangon Region, over the weekend. The Power Purchase Agreement (PPA) was signed in January 2016. The 106 megawatt plant was built and will be operated under a 30-year joint venture between the […]
Yangon Region govt plans to build more reservoirs
The Yangon Region government is planning to establish reservoirs to ensure a reliable drinking water supply in the future. In response to a question at the Yangon Region parliament yesterday, U Maung Maung Soe, the Yangon Region Development Affairs Minister, said the government unveiled a long-term plan to supply drinking water to Yangon residents in […]
Yangon govt targets ‘failing’ power firms
Regional officials say they will investigate performance at private electricity providers and if necessary, cancel contracts signed by the former government, as frequent power outages continue across Yangon and frustrations are vented through social media. Four private companies signed with the previous administration to supply power to the city. They are not performing as expected, […]
UOB to finance new power plant in Myanmar
SINGAPORE: United Overseas Bank (UOB) announced on Monday (Apr 20) a financing agreement with Singapore-based company Royal GK – a company commissioned to help meet Myanmar’s rising demand for energy. Royal GK, an engineering procurement and construction company, was contracted by the Myanmar Central Power Co (MCPC) to procure gas engines for the construction of […]