Friday 12 July 2013

2nd MPS - Myanmar Power Summit

Myanmar’s power needs call for strategic plans and investment opportunities

Myanmar’s power shortage is one of the biggest problems faced by investors and developers in the new frontier. With the influx of foreign companies and investors, Myanmar’s unstable electricity has become apparent and troughs of efforts are now underway to rectify this issue. Currently, only about 26% of the general public receives electricity, which is set to change by 2030 as Myanmar government makes bold plans to improve the statistic to 80%.


Foreign companies with technical know-how and up-to-date technology now play a big role in the government’s plan to develop the nation’s power sector and national grid. What’s needed now are investments in large base-load power plants powered by coal, natural gas or hydropower in key cities such as Yangon and Mandalay, where power interruptions can translate to economic problems.

Other strategic approaches and opportunities for foreign investors include investing in “small, renewable, off-grid power plants in rural areas” to better suit areas where power demands are low, and also investing in power plants in the Thai-Myanmar border to tap on the sale of electricity to both countries.

Power sector opportunities in Myanmar have attracted a huge number of investors thus far, including those at the government level. Recently, it has been announced that Indonesia’s PT Bukit Asam (PTBA), a state-owned coal miner, are in the talks of a joint venture with a Myanmar company to collaborate in a power plant project, functioning as a G2G cooperation.

In Japan, efforts to help Myanmar achieve its goal by 2030 are also put in place. Japan’s Kansai Electric Power Co. is embarking on a 160 million yen research project till June 2014 to study “Myanmar’s electricity market and power generation capabilities and make a proposal to the Myanmar government on power source development plans through 2030”. The Japan International Cooperation Agency (JICA) has also sent out an order for Chubu Electric Power Co. to research on ways to improve power generation and associated facilities in Myanmar’s commercial capital, Yangon.

The upcoming 2nd Myanmar Power Summit in Yangon on September 23-25, 2013, an industry event hosted by the Ministry of Electric Power, will see regional players convene for updates and networking opportunities. Minister of Electric Power, U Khin Maung Soe will be giving a Keynote Opening at the summit, and senior representatives from both the Ministry and JICA will also be present to share insights and elaborate on future plans. 

More information on the 2nd Myanmar Power Summit is available on the Event Page here.

For inquiries, please contact Ms. Grace at grace@cmtsp.com.sg or Tel. +65 6346 9147.

source: CMT Events

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