Written by Admin on September 13, 2013. Posted in News
"We, as entrepreneurs investing in private power generating, are now
ready to distribute and sell nearly 300-MW electricity to the public,
Zaya Thura Mon of Zayar Associates told Eleven Myanmar.
Myanmar is currently drafting the electricity bill which is expected
to be publicized soon, according to Parami Energy's CEO Kan Tun.
Myanmar generates most of its electricity from hydropower and the
services are provided by the government enterprises.
If it is to liberate the market with public-private partnerships, the
government will have to sell electricity to the private companies.
"At present, Myanmar is drafting the electricity law. It is expected
that the law and PPA should be announced soon," said Kan Tun, chief
executive officer for Parami Energy Company, which participated in the
Myanmar Global Investment Forum.
In Myanmar, under government control of the electricity supplying
enterprise, the public pays only K50 per unit for electricity.
"We are ready to agree on how much power should cost in the PPA. For
our investment, we are pleased with any power charges if we can get a
reasonable price," Zaya Thura Mon also said.
The foreign investors are disappointed in the Ministry of Electric
Power, because the public doesn't enjoy electricity on a regular
basis.
Some foreign investors who attended the forum said they would not be
willing to pay more than the current price if electricity is provided
on a regular basis.
One unit of electricity is 10 cents in Thailand, 12 cents in the US,
50 cents in Indonesia and about 20 cents in the Philippines,
respectively.
Source: http://www.news.myanmaronlinecentre.com/2013/09/14/private-power-generating-ready-to-sell-nearly-300-mw/
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