: Nov 15, 2018 - Nov 16, 2018
: Yangon ,Myanmar
Given that only 30 per cent of the population in Myanmar has access to electricity, Myanmar has to optimize and tap on natural resources and technology advancement for efficient clean power generation in order to ease the electricity demand.
As work is still in progress for the huge LNG to power projects, foreign investments continue to flow-in for natural gas-fired power plants projects, especially in Mandalay as well as Myingyan township.
With electricity consumption expecting to rise by 19 percent per year for the next 12 years, government subsidies of electricity tariffs will correspondingly increase. The government is mulling over options to raise electricity prices on the middle and above income earners in the country, to mitigate against this widening loss.
And to further lighten the subsidies burden, Ministry of Electricity and Energy (MOEE) is aiming to have, by 2021, up to 8% of the electricity powered by renewable sources such as hydro and solar. Thereafter, renewable power's share will be raise to 12% of total electricity required.
: Ms Grace Oh