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Myanmar to double electricity capacity by 2021 to fill power shortages

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Reuters are reporting that Myanmar is planning to double its electric power capacity by 2021 by building natural gas-fired power plants.

With only one-third of the country’s 60 million people connected to the electrical grid and cities experiencing blackouts, Myanmar needs to boost its power supply to attract much-needed foreign investment.

Four gas-fired power plants would be built by 2021 at a total cost of US$5.16 billion in several parts of Myanmar.

The plants will raise generation capacity by 3100 MW and would double the current capacity of around 3000 MW.

Myanmar’s government has signed agreements to start preliminary engineering work, such as environmental assessments, with six companies.

The companies include TOTAL, Siemens AG , Zhefu Holding, TTCL Public Company Ltd , Sinohydro Corporation and Myanmar-based Supreme Trading.

The four plants will be in areas including the western state of Rakhine and Myanmar’s largest city of Yangon, with the government purchasing electricity from the six companies.

Myanmar is in talks with the individual companies to work out the power purchase agreements. The plants would mostly use imported LNG.

Myanmar has gas reserves, but exports most of its existing offshore production. Several floating gas storage and regasification units would be deployed to store the LNG for the projects.

Myanmar aims to increase its power generation more than fourfold by 2030 to meet demand, though that could be difficult to achieve.

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