Mining firms forced to disclose contracts
Starting next year, all companies in the extractives sector, both private and state-owned, will be forced to publicly disclose their contracts. Affected industries range from timber logging, to oil and gas, to jade and gemstones. The new rule is mean
China-backed power plant to go live
Despite the ongoing pandemic, a Chinese-backed power plant will be completed by next year, its backers say. Speaking to the Myanmar Times, U Htu Htu Aung, deputy CEO of Supreme Trading Company, which is carrying out the project, said the USD 170 mill
Key hydro projects move forward
Hydropower will continue to play a dominant role in Myanmar power, according to minister of electricity and energy U Win Khine. Four key hydropower projects will move forward, adding a combined 594 megawatts of renewable energy to Myanmar’s ene
Korean firm to invest nearly USD 100 million in gas field
Korean firm POSCO International has announced that it will invest 108.6 billion won — just over USD 97 million — in the exploration of Myanmar’s A-3 offshore bloc. POSCO, which already operates in Myanmar’s offshore gas fields, will
Indian officials’ visit ends in new deals
An official visit by India’s foreign secretary Harsh Vardhan Shringla and army chief Manoj Mukund Naravane has yielded several high-value agreements or proposed agreements, including finalizing the launch of a new port in Rakhine State and a pr
