China Invests In Myanmar Power
Print Edition
CHINA topped the list of foreign investors in Myanmar’s power sector for four months of the fiscal year 2016-2017, according to official figures.
China invested in five projects in the electricity sector worth US$1.3 billion, followed by Singapore with US$570 million in four projects, according to an official of the Directorate of Investment and Company Administration.
At present, only 3.7 million households in Myanmar can use electricity out of 10 million in the previous fiscal year 2015-2016.
The country is inviting foreign direct investment to boost the generating of electric power with the use of hydropower, natural gas, diesel, solar power, other bio products and disposed fuel.
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