Yoma Micro Power has set up its 250th solar-hybrid power plant in rural Myanmar, with the innovative renewable energy plants expected to deliver power for the first time to an estimated 25,000 people across the country, according to a press release. Under a unique business model, Yoma Micro Power uses the solar-hybrid plants to generate […]
ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure
BRUSSELS, BELGIUM: The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF) with €50 million ($54.9 million) to help governments prepare and catalyze public and private financing for climate-friendly infrastructure projects across Southeast Asia. Launched in April 2019 and managed by the […]
Myanmar has only achieved 50% electrification, according to State Counsellor
Myanmar has achieved 50 percent of nationwide electrification in December, according to a release from Myanmar State Counsellor Office on Friday. Myanmar State Counsellor Aung San Suu Kyi addressed the opening ceremony of a solar power plant in Manaung, Rakhine state. “While our neighbouring countries have achieved 80 percent, 90 percent, and even a […]
Singapore-listed Yoma in tie-up with Ayala unit for renewable energy projects in Myanmar
SINGAPORE: Myanmar-focused Yoma Strategic Holdings said on Monday (Oct 14) it will form a strategic partnership with AC Energy, the energy platform of Philippine conglomerate Ayala Corporation. The two companies are looking to establish a 50:50 joint venture (JV) to scale up Yoma Micro Power (S) Pte Ltd (YMP) and to explore developing around 200 […]
ADB, Infrastructure Asia Sign Agreement to Promote Innovative and Green Finance for Sustainable Infrastructure in Southeast Asia
SINGAPORE: The Asian Development Bank (ADB) and Singapore’s Infrastructure Asia today signed a cooperation agreement to help governments in Southeast Asia adopt innovative and green finance approaches to identify and develop bankable and sustainable infrastructure projects in the region, where the annual infrastructure investment needs total $210 billion until 2030. The agreement was signed during […]
Myanmar Energy Analysts Alarmed at Floating Power Plant Plans for Yangon
Yangon – Industry experts have criticized the Ministry of Electricity and Energy’s plan to produce electricity with gas and liquefied natural gas (LNG) via a floating power plant to meet the rising demand in Yangon by mid-2020. The ministry invited international bids in June for the 1,040-megawatt (MW) project. U Aye Kyaw Kyaw, secretary of […]
World nations failing the poorest on energy goals: study
More than 150 million people are gaining access to electricity every year, reducing the ranks of those who live without power, but this is not enough to meet global development goals, according to a report released Wednesday. Furthermore, efforts to cut pollution from cooking food and promote renewable power for heat and transportation are likewise […]
