September 22, 2017

Government loses billions in power sector annually, Union Minister says

Electric Power Ministry has completed the installation of cables across the Thanlwin River on 16 January. Photo: Electric Power Ministry
Electric Power Ministry has completed the installation of cables across the Thanlwin River on 16 January. Photo: Electric Power Ministry

THE Ministry of Electric Power has lost billions of kyats annually as the country’s power sector is still operated through state-owned enterprises, said Union Minster for Electric Power U Khin Maung Soe yesterday.
His remark came at a coordination meeting of the ministry in Nay Pyi Taw yesterday while holding discussions with officials from the Department of Hydropower Planning, the Department of Hydropower Implementation, the Myanmar Electric Power Enterprise, the Electricity Supply Enterprise, the Hydropower Generation Enterprise, the Yangon City Electricity Supply Board and the Mandalay City Electricity Supply Board.
The implementation of expected undertakings in the electric sector has not made expected progress over the previous five years, said the Union minister, pointing out that power sectors are open up to privatisation in many foreign countries.
With power sector privatisation, companies will be incentivised to increase efficiency, invest in power equipment and distribution and can profit in the sector whilst helping the government reach policy targets, he added.
In his concluding remarks on the meeting that lasted for two days the Union minister called for the keeping of the ministry’s 24-hour electricity supply in the country and maintaining its dignity.
Myanmar is expected to have an entity titled the Ministry of Electric Power and Energy if the Ministry of Electric Power and the Ministry of Energy are combined into one office during the time of the next government.—Myanmar News Agency

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