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Myanmar bets on hydropower in new energy plan

It is reviewing 49 projects approved by the previous govt to see how quickly - if at all - they can be completed, how many more would be needed and how to secure funds

Published Mon, Sep 12, 2016 · 09:50 PM
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Yangon

ELECTRICITY-STARVED Myanmar is looking to overhaul its long-term power strategy, aiming to raise 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.

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