Magwe Region is developing five Octane 92 mini refineries which will be able to refine up to 30,000 gallons of oil per day once they come into operation, said Magwe Region Natural Environment, Resources and Energy Minister U Myint Zaw. The project is being carried out across 200 acres of land five miles from Pakokku. […]
Magwe gas plant starts running, VPower says
July 14, 2020 by
The gas plant intended to help plug Myanmar’s electricity shortfall this summer has started operating after almost a two-month delay, according to its developer.VPower Group’s 23-megawatt gas plant in Kyun Chaung of Magwe Region began commercial operations on June 3 after a power purchase agreement was signed between the firm and the Ministry of Electricity […]
Magwe govt allows more than 1000 factories to reopen
May 27, 2020 by
Magwe regional government has allowed more than 1000 factories to reopen after inspections were carried out on May 22. The officials allowed reopening of about 1000 factories out of 4000 which have been shut down due to COVID-19 outbreak in Magwe Region, according to Daw Myint Myint Thein, region head for Directorate of Industrial Supervision […]
Govt Promises to Meet Myanmar’s Rising Electricity Demand
November 20, 2019 by
Yangon — The Ministry of Electricity and Energy is hoping to expand electricity access to half of the population by December, according to Deputy Minister U Khin Maung Win. Of 10,877,832 households in Myanmar, 5,140,061 – or 47 per cent of the population – had access to electricity by October. The deputy minister told the […]
Calls to legalise wildcat oil-well operators
July 11, 2019 by
There is a need to legalise the activities of the wildcat prospectors whose hand-dug oil wells dot the land in Magwe Region, in central Myanmar. These illegal activities are a source of corrupt practices and loss of revenue to the regional government. These wells, a source of income and jobs for many in the surrounding […]
Magwe Region to refine crude oil into gasoline
June 17, 2019 by
Magwe Region will soon be refining crude oil produced from its hand-dug wells into gasoline, with certain details such as water allocation to be settled before refining can commence. Magwe’s Minister of Natural Resources, Environment, Electricity and Energy U MyintZaw said arrangements were being made, including giving permission to three companies – Power 95, Myanma […]
ENI to start oil exploration process in Magwe this year
May 27, 2019 by
Italian oil and gas company Eni Myanmar B.V (ENI) will commence oil exploration in onshore block RSF-5 located in Magawe Region by the end of the year, the company announced on May 20. Exploration work will start between November and December, it said. The block sits across 320,000 acres and ENI is allowed a six-year […]
MOEE to drill for natural gas in Magwe
January 23, 2019 by
A test oil well will be drilled in Myaing township, Magwe Region to determine the presence of oil or gas, U Nyan Tun, deputy managing director from Myanmar Oil and Gas Enterprise (MOGE) , said during the Ministry of Energy and Electricity’s (MOEE) month press conference yesterday. It will be the first time a test […]
Minbu solar power project commences in time for summer 2019
November 27, 2018 by
A 170MW solar power plant in Minbu Township, Magwe Region, will start producing electricity in time for summer next year, said U Lin Naing Oo, business development department general manager of GEP (Myanmar) Co Ltd. The Thailand-based company is investing US$297 million in the solar project, which is Myanmar’s first. Electricity generated from the plant […]
Call to boost financial literacy
June 28, 2018 by
GIVEN THAT the majority of Myanmar people lack the knowledge to use digital payment platforms, all the players in the finance industry must work together to educate them so the nation can become a cashless society, according to Arturo Planell, country manager of Visa Myanmar. He said at a recent press conference there was a […]
