Korean power project comes amid desperate supply gaps
A South Korean company will build a new 40 megawatt power plant in Bago, the company said, becoming the latest foreign firm to answer Myanmar’s desperate call for new power projects. The firm, MCM Power Company, will invest USD 35 million in a
Major oil and gas block enters first development stage
An initial deal has been inked to exploit Myanmar’s A-6 offshore block. The development stands to be ASEAN’s first ultra-deepwater development, claims project partner MPRL E&P Operator Co. Contracts were signed between the Myanma Oil
Major coal enterprise draws community pushback
A large-scale Thai coal operation in eastern Shan State has drawn the ire of local communities worried for their land and environment. Residents of Mong Hsat Township issued a joint statement against the project, which is a joint venture between
First phase of power plan will be done by 2021
Myanmar will complete the first phase of its sweeping National Electrification Plan (NEP) by 2021, according to the public Electricity Supply Enterprise (ESE). It will be the first step towards the government’s goal of total nationwide electrif
IFC: Myanmar should go solar
Solar can help Myanmar fill its electricity shortage and reduce the cost of power, the International Finance Corporation (IFC) argued in a recent report. The IFC (which is the private sector financing arm of the World Bank Group) claimed that investi
