Investments in Electricity and Energy: Directorate of Investment and Companies Administration

In regard of the flow of investments in the electricity and energy sectors in Myanmar, the Directorate of Investment and Companies Administration (DICA) said that in the energy sector, 145 businesses with the investment of over 22 billion USD have been allowed for the oil and natural gas.

Currently, out of them, 74 businesses are being operated with 16 billion USD. The investment amount of oil and natural gas sector is 22.61 % total foreign investment of the country and it is the second important investment sector of the state. Two businesses with over 13 billion kyats have been allowed by local investors in this sector.

Thant Sin Lwin, Director General, DICA said "To fulfill the needs of energy sector, we have allowed 5 foreign investments for building fuel storage tank services with 462 million USD. In this sector, 18 businesses of local investors are allowed in this sector and the investment amount is 691 billion kyats. In regard with foreign investment in electric power sector, 35 businesses have been allowed until now with 25 billion USD. Of them, 34 businesses are being run and the investment amount is 19 billion USD. The electricity sector is 26.13 percent of total foreign investment and it stands the first in the investment sector. There are 27 businesses invested by local investors in this sector and 982 billion kyats have been allowed. Among them, 26 businesses are operating with 817 billion kyats. The total amount of local investment in electricity sector is 3.92%."

The Director General of DICA added that concerning the prospect for the development of electricity sector, they have received over 500 million USD investment and they are undertaking to allow this business in line with procedures. In addition, they are undertaking to allow another investment of national investors with over 50 billion kyats for electricity sector.