Vietnamese military-run Viettel has said its joint venture with two Myanmar companies will invest a combined $2 billion in Myanmar’s telecoms sector, an increase of $500 million to its original projection. The joint venture of Viettel Global, Viettel’s investment arm, Myanmar National Telecom Holding Public Limited and Star High Public Company Limited, received Myanmar’s fourth, […]
Viettel-Backed Joint Venture ‘to Invest $2bn in Myanmar’ After Receiving Telecoms License
January 25, 2017 by
Chaungtha Wind Farm Project
March 7, 2016 by
THE China Three Gorges Corporation signed a Memorandum of Agreement (MoA) for the development of Chaungtha Wind Farm Project in Ayeyawady Region with Ministry of Electric Power of Myanmar in Nay Pyi Taw recently. The MoA signing ceremony on 29th February was hosted by U Khin Maung Soe, Union Minister for Electric Power, Mr […]
Myanmar to begin generating wind energy
March 1, 2016 by
THE Ministry of Electric Power signed a memorandum of understanding with China Three Gorges International Corporation on electricity production from wind power in Nay Pyi Taw yesterday. The ministry’s director general U Aye Hsan and Mr Lu Guojun, chairman of China Three Gorges International Corporation, inked the MoU and exchanged notes. The MoU is […]
Plan to bring more people onto the grid
February 4, 2015 by
Some 1.7 million people could gain electricity access – at a cost of US$670 million, according to Minister for Electrical Power U Khin Maung Soe. The ministry has drawn up plans with help from the World Bank to extend electrification, while looking at the costs, he said at the opening of a hydropower workshop in […]
Rolls-Royce to supply power plant in Myanmar
July 11, 2014 by
Rolls-Royce signed a long-term service agreement with RGK+Z&A for spare parts supply, supervision and maintenance for the Hlagwa Power Plant (Phase II) project today. The agreement was signed at the Foreign & Commonwealth Office in London by Lars Eikeland, President and CEO of Bergen Engines, and Mr Zeya Thura Mon, Group CEO of RGK+Z&A Group […]
British firms invest in power sector
July 10, 2014 by
British companies have signed deals with local counterparts to invest in the electricity sector during a trip by Myanmar officials to London, according to an embassy announcement last week. The deals come following the widely-touted success of the United States’ APR Energy plant it set up in Mandalay Region on June 6. The two recent […]
Power struggle: supply falls short
April 30, 2014 by
Despite ongoing energy projects, the country’s chronic electricity shortage is set to continue, Minister for Electric Power U Khin Maung Soe says. “Electricity generated from hydropower, natural gas and coal-fired plants cannot overcome the country’s chronic shortage of electricity,” he said at a press conference earlier this month. The minister said Myanmar’s power consumption had […]
Electricity price hike set for April 1
March 26, 2014 by
In an effort to reduce state spending, the Pyidaungsu Hluttaw last week voted to move forward with a plan to increase the price of electricity as of April 1 for households by as much as 42.8 percent for units used over a certain threshold, parliament announced last week. Though households will still pay K35 per […]
