LAST WEEK IN NAY PYI TAW
During a press conference held in Nay Pyi Taw on May 9, Permanent Secretary of the Electricity and Energy Ministry said that Myanmar was aiming to increase the percentage of national electricity access to the power grid to 55 percent in fiscal year 2020-2021 from the current 44 percent, Xinhua reported. The Permanent Secretary Tin Maung Oo said that the ministry will also try to increase the percentage of electricity access to up to 75 percent in 2025-2026 and 100 percent in 2030-2031. He said the ministry has increased the output by 13 percent during the current government's first year in office in 2016 and by 12 percent in the second year of 2017. Foreign investment in Myanmar's power sector totaled US$ 21 billion as of the end of February 2019 ranking the second sectorally after oil and gas since late 1988, according to Xinhua.