President U Win Myint has called on the parliament to give the go ahead for a multi-million-dollar loan from the Asian Development Bank (ADB) that would help improve the electricity supply in the country, according to an article in The Irrawaddy. The report said that the loan of US$ 298.9 million will be used to improve electricity in Yangon, Ayeyarwady, Tanintharyi and Bago regions, and in Mon, Kayin and Rakhine states. An additional US$ 10 million will be provided by the government for the project, which will help improve electricity in rural areas as well as expand the current system, the article said. The area that will see the most benefit from the project is Bago Region, with 151,000 households being connected, followed by Ayeyerwady with 84,850 and Mon with 42,757. Power consumption is expected to more than double nationwide in the next few years, and the Ministry for Electricity and Energy is planning to push ahead with numerous projects in order to meet the increased demand.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- Five more groups of Myanmar border-crossers caughtSource: Bangkok Post Recent StoriesMarch 28, 202414 hours ago
- Russia, Myanmar plan over 50 joint military activitiesSource: Bangkok Post Recent StoriesMarch 28, 202415 hours ago
- Myanmar Junta Chief Calls for Unity, Says Military Holding Power ‘Temporarily’Source: Voice of America East AsiaMarch 28, 202423 hours ago
- India ‘to build $3.7bn Myanmar border fence’Source: Bangkok Post Recent StoriesMarch 27, 20242 days ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss