YSEB to list as public company

The Yangoon State Electricity Board (YSEB) announced plans last week to list as a public company in order to increase operational efficiency. However, in its announcement YSEB said that Rangoon’s city government will maintain a 51 percent stake in the entity while selling the remaining 49 percent to the public. YSEB also has stated that in choosing future joint venture partners, local companies will be preferred over foreign firms.