Power and Energy Commission discusses sector development
24 JULY 2025
SINCE electricity and energy
projects lure high investment by nature, increasing investment in the private
sector should be a key priority, said Admiral Tin Aung San.
Chairman of the Electric Power
and Energy Development Commission, State Administration Council Member, Deputy
Prime Minister and Union Minister at the Prime Minister’s Office, Admiral Tin
Aung San, delivered a speech at the commission’s 4/2025 meeting at the SAC
Office in Nay Pyi Taw yesterday afternoon.
Speaking on the occasion, the
Admiral said the State Administration Council formed the commission on 18
December 2024, and set 15 missions in seven months. These missions were carried
out to a certain extent.
Regarding the Generation Mix, the
ministries concerned, organizations and experts should discuss the matters
related to National Electricity Master Plan 2014 (JICA) and Nationally
Determined Contribution (NDC) 2021 to set the Generation Mix with annual
estimation depending on the power need of the country, not to affect the
environment and inclusion of certain ratio of renewable energy.
Similarly, in consuming the
electricity and energy, solar, wind and LNG resources are used, and also the
procurement of power via cross-border power grids is implemented. In the energy
sector, high technology is applied, while the new oil fields are explored, new
offshore projects are conducted, and new oil refineries are established and
upgraded.
Since electricity and energy
projects lure high investment by nature, increasing investment in the private
sector should be a key priority. Therefore, the Ministry of Investment and
Foreign Economic Relations formed a unit for enhancing international and
regional cooperation and investment in the electricity and energy sector.
Moreover, arrangements are being made to invite local and foreign investment in
electricity and energy sectors, create opportunities, offer incentives, reduce
delays, ensure the One Stop Service for project land areas, financial services
and resolve the challenges promptly.
The Admiral highlighted the
instructions of the Head of State regarding the development in the electrical
sector, which plays a key role for national interest and socioeconomic, and
other guidance of the Head of State made during the visit to a solar panel
factory in Yangon.
He continued that offshore
projects are important in the energy sector, and they need to supervise the
relevant companies to start the study and exploration processes to initiate the
projects within the time duration. It also needs to emphasize the completion of
upgrading oil refineries in time to reduce the use of foreign exchange, and to
ensure the effective use of power, so that the inspection team does not
experience power loss and check the strength of the power grid and sub-power
station.
The electricity and power sectors
are wide, and they can develop with the collaboration of all respective
stakeholders.
Meeting participants reported on
implementations based on the third meeting’s decisions, electricity and power
projects, use of renewable energy, and other work processes and plans. —
MNA/KTZH

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