Awareness Seminar : Promoting local investment in electricity & energy sector

Aiming to promote local investment in the electricity and energy sector and to enable access to international energy organizations and companies, a seminar was held at Park Royal Hotel in Dekkhinathiri Township, Nay Pyi Taw on Friday.

In his address, Union Minister for Electricity and Energy U Ko Ko Lwin stated that the seminar aims to encourage local entrepreneurs to invest in productive sectors in line with the guidance of head of state which is to promote manufacturing and national economic development.

The Union Minister highlighted various investment opportunities, including small-scale hydropower, solar and wind power projects, coal-fired power plants, natural gas power plant maintenance and upgrading, onshore and offshore oil and gas exploration and production, power transmission lines, substations, rooftop and floating solar systems, and pumped-storage hydropower projects.

He also emphasized the importance of supporting local entrepreneurs to expand their participation, with long-term goals of establishing cross-border electricity connections and promoting energy trading. He added that working groups will be formed to facilitate cooperation between entrepreneurs and relevant officials.

Next, officials from relevant departments made discussions on investment opportunities in the electricity and energy sector. About 200 participants attended the workshop, including officials from relevant ministries and departments, the Myanmar Investment Commission, local companies engaged in the electricity and energy sector, and interested parties.