As Myanmar works to promote renewable energy to complement its insufficient electricity supply, new opportunities within the sector have opened up for foreign investors who can help to boost the country’s power generation. In November 2014, the US-based ACO Investment Group announced that it was developing two 150-MW solar energy plants in Myanmar, valued at $480m. The...
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Articles & Analysis | Stimulating developments in renewable power generation, particularly hydropower from The Report: Myanmar 2015
With a wealth of untapped geological resources, including the world’s richest jade and ruby mines, Myanmar is set to attract a flood of foreign investment into its high-potential mining sector. In the decades to come, mining is expected to be one of the top drivers of Myanmar’s economic development. Current growth is being driven by a number of smaller projects in metals and by a boom in tin...
Myanmar has already hit its investment target of $4bn-5bn for the 2014/15 fiscal year six months ahead of schedule, thanks in part to the energy sector, which attracted $800m of investment in the first half of the fiscal year. As of December 2014 revenue from foreign investments in the oil and gas sector came to more than $15.1bn, second only to the power sector, which stood at $19.3bn. This...
Over the past few years Myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. These changes have placed modern-day Myanmar back on the international investment radar and have seen the nation coined “the Last Frontier”.
Economic update | Papua New Guinea steps on the gas
10 Dec 2014
A surge in liquefied natural gas (LNG) exports is expected to nearly treble the pace of economic growth in Papua New Guinea in 2015 putting the South Pacific island nation at the top of the league of fast-growing economies and helping it bridge a widening budget deficit.
Heightened activity in the Sarawak Corridor of Renewable Energy (SCORE) has brought positive appraisals from industry analysts, signalling a vote of confidence in the development’s economic future as further projects are unveiled.