Fourteen new investments approved including four solar projects
In its first meeting of the year, held virtually, the Myanmar Investment Commission (MIC) approved 14 new investments proposals and increase in capital in 4 existing projects, the Ministry of Information announced. The approved investments in the eneIFC finances Myanmar off-grid solar program
The World Bank, through the International Finance Corporation (IFC), has issued a USD 3.45 million grant to help the government of Myanmar finance an off-grid solar program. The programme is co-funded by the Global Partnership for Results Based Appro
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
Solar powers up with potential new contracts
Amid a push for new power sources, the Ministry of Electricity and Energy (MOEE) has announced talks with two companies for potential solar contracts. According to a press release, MOEE officials met with executives from Victory Radiance Trading Co L
IFC: Myanmar should go solar
Solar can help Myanmar fill its electricity shortage and reduce the cost of power, the International Finance Corporation (IFC) argued in a recent report. The IFC (which is the private sector financing arm of the World Bank Group) claimed that investi
