Although some private power plants in Myanmar are now ready to distribute and sell electricity to the local market, they are waiting for the government’s Power Purchase Agreement-PPA, according to an entrepreneur who attended the Myanmar Global Investment Forum.
“We, as entrepreneurs investing in
private power generating, are now ready to distribute and sell nearly
300-MW electricity to the public. However, we have no approval from the
government’s PPA. So, we are waiting for PPA to sell electricity after
designating the power charges,” said Zaya Thura Mon of Zayar &
Associates.
“At present, Myanmar is drafting the
electricity law. It is expected that the law and PPA should be announced
soon,” said Kan Tun, chief executive officer for Parami Energy Company,
which participated in the Myanmar Global Investment Forum.
In Myanmar, under government control of the electricity supplying enterprise, the public pays only K50 per unit for electricity.
“We are ready to agree on how much power
should cost in the PPA. For our investment, we are pleased with any
power charges if we can get a reasonable price,” Zaya Thura Mon also
said.
The foreign investors are disappointed
in the Ministry of Electric Power, because the public doesn’t enjoy
electricity on a regular basis.
Some foreign investors who attended the
forum said they would not be willing to pay more than the current price
if electricity is provided on a regular basis.
One unit of electricity is 10 cents in
Thailand, 12 cents in the US, 50 cents in Indonesia and about 20 cents
in the Philippines, respectively.
source: Eleven Myanmar
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