Exclusive: Hungry for power, Myanmar bets on hydro in new energy plan


  • World
  • Monday, 12 Sep 2016

A view shows Ban Sob Moei, a Thai village located at the confluence of Moei and Salween rivers, which is threatened by the planned Hatgyi dam in Myanmar, November 16, 2014. REUTERS/Thin Lei Win/File Photo

YANGON (Reuters) - Electricity-starved Myanmar is looking to overhaul its long-term power strategy, aiming to hike the planned share of hydropower in its energy mix at the cost of polluting coal as it tries to attract foreign investment.

The new democratically-elected government of Aung San Suu Kyi has made job creation one of its top priorities in what is Asia's sixth-poorest country. However, with half of its people without access to electricity and major cities experiencing blackouts, finding investors is tough. Even tougher is getting them to back coal-fired plants given environmental concerns.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Intel reports revenue increase in first quarter
Microsoft reports Q3 results with net income, revenue increases
Finland's finance ministry downgrades growth forecast for 2024
Multiple people killed in car crash in U.S. Pleasanton
U.S. stocks close lower
Czech Republic records over 10,000 whooping cough cases this year
Roundup: U.S. witnesses bird flu outbreaks in poultry, dairy cows
US and allies aim to help Ukraine bolster defenses after aid gap
5 Tunisian fishermen dead after boat sank off eastern coast
Crude futures settle higher

Others Also Read