Myanmar's Electric Power Ministry Tuesday invited private investors to generate electricity through implementing hydro-power and coal-fired thermal power projects in a bid to fulfill the power demand of the country, state media reported. Investors are required to conduct environmental and social impact assessment caused by project implementation work, said a statement of the ministry, urging the investors to follow the guidelines and procedures. In October last year, Myanmar's power authorities had allowed private entrepreneurs to engage in power production as independent producers on a manageable scale as part of its bid to help ease power shortage in the country. The entrepreneurs were set to generate 230 kilo-volts (KV) and 66 KV, standardized by the Ministry and to supply electricity in line with the prescribed volume. There had been power crisis in Myanmar last year with candle- light demonstrations against the country's power blackout. Myanmar Minister of Electric Power revealed in the parliament that under a 30-year electricity strategic development plan, the country's power supply till the fiscal year 2012-13 should have 4, 910 megawatts (mw). However, it got only 3,600 mw till to date. There was a decrease of 5,000 mw as the project failed to build seven hydropower, three thermal and two coal-fired power plants, the ministry said, attributing the failure to financial difficulties. Myanmar's power consumption, which has increased by 15 percent annually, is likely to reach 3,000 mw by 2015 with summer power demand estimated to stand 2,370 mw in 2014. With the current running power stations which can generate 1, 655 mw in maximum, the ministry called for building three power plants (500 mw each) at a cost of 2.1 billion U.S. dollars to meet the power demand of 3,000 mw in 2015 and 4,000 mw in 2016 to generate 1,500 more mw. Acknowledging that the government alone cannot afford to implement the projects, it is inviting local and foreign investment in the move.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor