LAST WEEK IN NAY PYI TAW

Mizzima Business Weekly - - CONTENTS -

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.

Photo: Hong Sar for Mizzima

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