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
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
Government fears power shortage
The Ministry of Electricity and Energy (MOEE) fears that power supply will not meet demand in the upcoming dry season. It warned of potential blackouts as it regulates hydroelectric dams to conserve water. Hydroelectric dams produce more than half of
