Power subsidies extended till end of the year
The government will continue providing free power until at least the end of the year as part of the COVID-19 Economic Relief Plan (CERP). The Ministry of Electricity and Energy (MOEE) announced this week that the CERP power subsidies, which began in
ADB lends USD 171.3 million for power projects
Parliament has approved a loan of USD 171.3 million from the Asian Development Bank to fund rural electrification. The money will go towards new power generation, transmission, and distribution infrastructure meant to provide electricity to over 400,
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
Thingyan cancellations slam domestic markets
Thingyan is usually an annual boom for many consumer-facing industries. People stock up on food and alcohol, spend money on concerts, parties and other events and full busses, planes and trains as they return to their homes for the holidays. But as t
Power investment has topped USD 1 billion since October
Foreign investment in the power sector has reached USD 1 billion over the first four months of the fiscal year, official data shows. The investments came from foreign companies working with the government and local partners to develop power plants, t
