Only 30% of Myanmar has access to electricity

October 2, 2013 Leave a comment

Only 30% of Myanmar has access to electricity

Tuesday, October 1, 2013 – 10:12

Eleven Myanmar/Asia News Network

Myanmar currently provides electricity to 30 percent of the population according to the Minister Electric Power, Khin Maung Soe. “Only 30 percent of the population now has access to power. To supply 50 percent, power lines will have to be constructed. The whole of Rakhine State will enjoy electricity at the end of 2014,” said the minister. Power lines are being constructed in Chin State and electricity will be supplied through the national grid by the end of 2014. The power lines have been completed in Kachin State and it will also be supplied electricity, added the minister. In Mon State, power lines are being set up from Mawlamyine to Ye. In the coming year, they will be extended to Dawei. In Shan State, the whole Inn region has access to power, but many villages are still not connected. Most of Naga region is still in the dark and the government says it is planning to build three small-scale hydropower plants next year. The government has also promised to provide 70 percent of Kayah State with electricity where Lawpita Hydropower Plant is situated by the end of 2014.

 

Filed under Macro Trends

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a comment