Myanmar to step up power production

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Chinese-financed Shwegyin hydropower plant in Bago region, southern Myanmar.

Striving to meet the growing power demand of the country, Myanmar will build 14 hydropower projects financing them through a $1.7 billion loan from China, a representative of the former’s Ministry of Electric Power has said.

Work on seven projects has already commenced after Myanmar received a $509 million loan from China’s Exim Bank and China Development Bank.

These stations will be generating a total of 700 megawatts of electricity upon their completion in 2015/16, the ministry said. Most of the plants are being built by private companies through joint ventures with the ministry under the build, operate and transfer arrangements.

Five South Korean companies – Busan Korea Biotechnology Co, Korea Western Power Co, Hyundai Engineering and Construction Co, Hana Daetoo Securities Co and Hexa International Co – have launched a 500-megawatt gas-fired power plant to meet power demands of Yangon starting in summer of 2014 and to supply electricity to the Thilawa Special Economic Zone.

At present, there are 18 hydropower, one coal-fired and 10 gas-fired power stations in Myanmar generating a maximum of about 1,610 megawatts in monsoon season and 1,340 megawatts in the summer, though the demand is 1,890 megawatts in the summer.

The country plans to build 75 power plants in the near future including 67 hydropower stations and 8 coal- based ones, the Ministry of Electric Power added.

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Chinese-financed Shwegyin hydropower plant in Bago region, southern Myanmar.

Striving to meet the growing power demand of the country, Myanmar will build 14 hydropower projects financing them through a $1.7 billion loan from China, a representative of the former’s Ministry of Electric Power has said.

Reading Time: 1 minute

Chinese-financed Shwegyin hydropower plant in Bago region, southern Myanmar.

Striving to meet the growing power demand of the country, Myanmar will build 14 hydropower projects financing them through a $1.7 billion loan from China, a representative of the former’s Ministry of Electric Power has said.

Work on seven projects has already commenced after Myanmar received a $509 million loan from China’s Exim Bank and China Development Bank.

These stations will be generating a total of 700 megawatts of electricity upon their completion in 2015/16, the ministry said. Most of the plants are being built by private companies through joint ventures with the ministry under the build, operate and transfer arrangements.

Five South Korean companies – Busan Korea Biotechnology Co, Korea Western Power Co, Hyundai Engineering and Construction Co, Hana Daetoo Securities Co and Hexa International Co – have launched a 500-megawatt gas-fired power plant to meet power demands of Yangon starting in summer of 2014 and to supply electricity to the Thilawa Special Economic Zone.

At present, there are 18 hydropower, one coal-fired and 10 gas-fired power stations in Myanmar generating a maximum of about 1,610 megawatts in monsoon season and 1,340 megawatts in the summer, though the demand is 1,890 megawatts in the summer.

The country plans to build 75 power plants in the near future including 67 hydropower stations and 8 coal- based ones, the Ministry of Electric Power added.

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