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
General Electric eyes expansion in Myanmar
US technology giant General Electric (GE) may soon expand its Myanmar presence. Wouter Van Versch, President and Chief Executive of GE Asia Pacific, told the Myanmar Times that the company is weighing further investments in power infrastructure
Inflation reaches 8 percent
Myanmar’s inflation levels reached 8.53 percent in August, up from 6.94 percent at the beginning of the year, according to Myanmar’s Central Statistical Organisation. According to official figures, the average inflation rate for the previ
Yoma Strategic to invest in renewable power
One of Myanmar’s biggest corporations is investing in renewable energy. Yoma Strategic Holdings will work with Philippine partner Ayala Corporation for a 200 megawatt micro generation enterprise, the Myanmar Times Reported. Yoma Strategic and A
Hong Kong company wins emergency power tenders
Hong Kong company VPower Group (VP), working with Myanmar’s Zeya & Associates, has been awarded four emergency power tenders as the government races to meet its growing demand for power. The four projects would use imported liquified natura
