Earnings surge at Yangon power company
The Yangon Electricity Supply Corporation (YESC) reported MMK 91 billion in revenue for the month of July. This is a 65 percent jump from the previous month. The surging numbers are due to a spike in electricity prices instituted by the Ministry of E
Burgeoning solar power to address electricity demand
Myanmar launches the first commercial solar plant in June 2019 and has completed the first stage of construction. Each of the three stages will add up 40 megawatts (MW) while the fourth and last stage will add 50MW. It will ultimately be ASEAN’s la
Hydropower Developers’ Association launch by IFC
The International Finance Corporation(IFC), the private sector arm of the World Bank Group, has announced the launch of the Myanmar Hydropower Developers’ Association (MHDA). It is an innovative platform for hydropower companies and professionals w
PetroChina opens first Myanmar fuel station
Chinese state-run PetroChina International has opened a service station in Myanmar, its first operations in the country. According to a Myanmar Times article, the operation is a joint venture between Singapore Petroleum Co (SPC), which is PetroChinaâ
Golden Myanmar begins jet fuel business
Golden Myanmar Airlines (GMA) has received permission to begin operating an aviation fuel business in the country, according to reports. An article in Frontier said that approval for the venture had been granted by the Myanmar Investment Commission (
