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Myanmar to Upgrade Hydropower Stations with AFD Loan
AUTHOR: TIN MG OO
Myanmar will upgrade five hydropower stations across the country using a loan worth €35.7 million. The loan is from French Development Agency (AFD) according to Dr. Tun Naing, Deputy Minister of the Ministry of Energy and Electricity.
Pyidaungsu Hluttaw, the country’s highest legislature, approved the proposal for the loan as it received the majority of votes.
“We will implement preparatory measures for emergency cases and employ surveillance equipment for the safety of the people living downstream of hydropower plants,” said Dr. Tun Naing.
The hydropower plants that will be renovated are Ye New Hydropower Plant, Kin Tar Hydropower Plant, Mone Chaung Power Plant, Thaphanseit Power Plant and Zaung Tu Power Plant. For the Zaung Tu Power Plant, the majority of the equipment will be replaced with new equipment. To install the new equipment, Dr. Tun Naing said that the ministry will hire a consultant company for the project.
After a seven-year grace period, Myanmar will have to pay back the loan from AFD at around K3.15 billion per year over a twenty-year payment term. After major renovations, the income of the hydro plants is expected to increase to K4.86 billion per year. Moreover, the plants needing renovation are between the 19 and 34 years old the deputy minister added.
Hydropower Production Decreases in April
AUTHOR: EI THANDAR TUN & ANDREW P. JOHNSON There is no perfect solution to the issue of energy production. Each type of energy source has unique challenges, and therein lies the challenge for Myanmar. Fossil fuels pollute the environment with carbon dioxide, methane, nitrogen and particulates into the atmosphere. Solar panels are inefficient, dependent on sunny weather,
Myanmar Electricity Sector : A Sinking Ship
AUTHOR: TIN MG OO U Phyo Min Thein, the Chief Minister of Yangon Region, said that electricity consumption in Yangon will likely to surge in May and stressed that government needs to address the financial losses due to the low price of electricity. Electricity production and distribution is causing financial losses to the government of about K470 billion annually. The price of electricity in Yangon is K35 per unit for household consumers, and K75-K120 per unit for industrial use.