Power sector development projects in Myanmar for Finnish companies

Power sector development projects in Myanmar for Finnish companies

Feb 13, 2017
Energy & resource efficiency
Renewables & smart grid
Energy production & distribution

Myanmar faces a significant investment need for power sector, creating new opportunities for Finnish companies.

The political and economic reforms carried out under the former President U Thein Sein's administration from 2011 to 2015 led to lifting of many international sanctions, increased investments in the energy sector, trade liberalization and an increasingly favorable economic environment.

In January 2016, the Myanmar Energy Master Plan was published. The Ministry of Electricity and Energy has taken a challenging goal: reaching an electrification rate of 99% of the country's population by 2030. Besides, they aim to decrease the share of natural gas, hydropower and coal, and increase the share of renewable energy.

Additionally, Myanmar has one of the highest GDP growth rates in the world, boosted by foreign investments, causing still increasing needs for power. The investment needs for power sector has been estimated to be USD 66,6 billion by 2030.

There is a need for Finnish power plant providers, multi-fuel power generation, island network providers, and smart grid providers.

Rich in natural resources, lagging in infrastructure

Myanmar has rich energy resources including oil and gas, hydropower, coal and renewable sources. It is the largest natural gas exporter in the region, with an estimated 80% of its output pumped to Thailand and China.

Myanmar's electrical grid is concentrated primarily in urban areas, leaving those who live in rural areas out of electricity.

At present, 70% of Myanmar's power is generated through hydropower. However, varying water levels in rivers between seasons cause remarkable challenges in providing enough power during the dry seasons.

Myanmar also suffers from frequent power cuts, requiring the companies and consumer to rely on expensive diesel-powered back-up power.

Next steps

A business delegation will be arranged to Myanmar led by the Minister of Foreign Trade and Development Mr. Kai Mykkänen in February 7 to 10, 2017, where energy is one of the focus areas. More information here.

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Interested in this opportunity, please contact:

Mr. Kai Tuorila
Program Manager

Mr. Aye Maw
Sr. Advisor

Jyrki Härkki

Companies in the sector