VPower Group wins Myanmar’s emergency power tender

Electricity originates from 62 hydropower and 20 gas-fired stations and one coal-power plant. Photo: EPA   Hong Kong-listed VPower Group said its consortium with Myanmar’s Zeya & Associates had been provisionally awarded four of the five emergency power projects tendered by the energy ministry in June.   The consortium said it won three projects that..
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Gas from block A6 to commercially viable in 2023

Commercial gas production will commence at the A6 block Shwe Yee Htun-2 discovery, offshore Myanmar, in 2023, U Zaw Aung, a retired director general of the Oil and Gas Planning Department under the Ministry of Electricity and Energy (MOEE), told The Myanmar Times.    “The State aims to produce gas commercially in year 2023. It..
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More oil and gas investments expected next year

Photo - EPA   U Thaung Tun, Union Minister for Investment and Foreign Economic Relations, is expecting foreign direct investments in the offshore oil and gas industry to increase in 2020, once proposals for exploration and production are received, evaluated and approved.   At the 30th regular meeting of the Private Sector Development Committee with..
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DICA reduces registration fees for new companies

  In a fresh move to lure more firms to set up shop in Myanmar, fees to incorporate or register a new business in the country will be reduced to K150,000 from K250,000 from October 1, the first month of fiscal 2019-20.   The Directorate of Investment and Company Administration (DICA) yesterday issued Notification (84/2019)..
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