Govt Greenlights Electricity Joint Ventures in Mon State, Bago Region
Govt Greenlights Electricity Joint Ventures in Mon State, Bago Region
The Irrawaddy, 08 Mar 2018
URL: https://www.irrawaddy.com/news/burma/govt-greenlights-electricity-joint-ventures-mon-state-bago-region.html
YANGON — The Myanmar Investment Commission (MIC) has granted permission to two joint
ventures involving foreign partners to supply power to areas not connected to the national grid.
“One is for households in Ye Township, and the other is for the developer of an industrial zone in Bago,” said U Than Aung Kyaw, deputy director-general of the Directorate of Investment and Company Administration (DICA), at a press conference on Monday.
The Southern Myanmar Development Co., a Singapore-Thai-Myanmar joint venture, won a contract to supply electricity to villages in Ye Township, Mon State. According to DICA, the 26-billion-kyat project will generate 10 megawatts of electricity daily with a diesel generator. The Singapore and Thai partners each hold 33 percent in the venture, while the local partner holds 34 percent.
I-Land Park Myanmar Co., an 80-20 Singapore-Myanmar venture with initial investment of $23.18 billion, will supply 19 megawatts to Singapore-backed i-Land Park Myanmar Industrial Zone in Bago Region. It will use a type of fuel to generate electricity, DICA said.
Up to 70 percent of the country’s population, the majority of them living in rural areas, has yet to be connected to the national power grid, DICA said.
According to the 2014 national census, 77.5 percent of the urban population uses electricity, but in rural areas, the percentage is just 14.9 percent.
ventures involving foreign partners to supply power to areas not connected to the national grid.
“One is for households in Ye Township, and the other is for the developer of an industrial zone in Bago,” said U Than Aung Kyaw, deputy director-general of the Directorate of Investment and Company Administration (DICA), at a press conference on Monday.
The Southern Myanmar Development Co., a Singapore-Thai-Myanmar joint venture, won a contract to supply electricity to villages in Ye Township, Mon State. According to DICA, the 26-billion-kyat project will generate 10 megawatts of electricity daily with a diesel generator. The Singapore and Thai partners each hold 33 percent in the venture, while the local partner holds 34 percent.
I-Land Park Myanmar Co., an 80-20 Singapore-Myanmar venture with initial investment of $23.18 billion, will supply 19 megawatts to Singapore-backed i-Land Park Myanmar Industrial Zone in Bago Region. It will use a type of fuel to generate electricity, DICA said.
Up to 70 percent of the country’s population, the majority of them living in rural areas, has yet to be connected to the national power grid, DICA said.
According to the 2014 national census, 77.5 percent of the urban population uses electricity, but in rural areas, the percentage is just 14.9 percent.