Burma’s government plans to increase the country’s electricity reserves by 30 percent to prevent nationwide power outages, Deputy Union Minister for Electric Power Maw Tar Htwe said to the Myanmar Business Today last week. The country’s annual electricity consumption rate increases by 13 percent every year, while the electricity sector is still underdeveloped, with only 30 percent …
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Electricity price hike impacts households, businesses
Burmese households and businesses face new financial pressures after being saddled with higher electricity costs.
Power-sharing: Arakanese seek equal pricing for electricity
Arakanese pay a whopping 500 kyat per unit of electricity while the rest of Burma pays just 35 kyat. However the state minister reveals plans to change all that.
BRIEF - UK to help Burma meet its electricity needs
The UK has signed an MoU with the Asian Development Bank to provide technical assistance worth $US 1.7 million to help Burma achieve its electricity needs, the British embassy has announced. In a statement on 2 May, the embassy in Rangoon said only 26 percent of households in Burma are connected to the electricity grid …
BUSINESS – ADB signs deal to develop Burma’s electricity
A signing ceremony on a US$60m loan pledged by the Asian Development Bank (ADB) for electricity development in Burma was held in Naypyidaw on Monday, according to a ministry official. The loan will be spent to upgrade power substations as well as lines and transformers, install digital revenue meters, and replace existing knots of bare …
Thein Sein vows to prioritise access to water, electricity
Burma’s President Thein Sein offered the opening remarks at the 2nd Myanmar Development Cooperation Forum on Monday, pledging to prioritise seven development programmes during the remainder of his term.