Government calls for solar tender bids
The Ministry of Electricity and Energy has invited solar power providers to submit bids for solar generation facilities totaling 1 gigawatt of power. The ministry is seeking around 30 solar facilities, each producing 30 to 40 megawatts. The tenders w
Foreign investment hits USD 2 billion
Foreign direct investment (FDI) has topped USD 2 billion in the first five months of the current fiscal year. That number came from 132 new foreign investors who received approval from the Directorate of Investment and Company Administration (DICA) b
China to invest USD 30 billion in industrial zone
As briefly reported in our highlights last week, a Chinese company and several Myanmar partners will invest USD 30 billion in an industrial zone contained within the Kyaukphyu Special Economic Zone on Myanmar’s west coast. Speaking to parliament, D
Myanmar may buy power from China
Myanmar may soon fill its electricity supply gaps by importing power from China. Ministry of Electricity and Energy Deputy Permanent Secretary U Soe Myint disclosed to the Myanmar Times that a feasibility study will soon be conducted on the possibili
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
