Myanmar is a power starved nation with only 60 million of its people connected to the electrical grid. Power cuts and blackouts are common in Myanmar and the government is trying to correct the situation by increasing electricity generation in the next few years.
The country aims to double its electric power capacity by 2021 through several natural gas-fired power plants with further plans of increasing its power generation by over fourfold by 2030.
Already four gas-fired power plants are planned at a total cost of US$5.16 billion – expected to be built by 2021. These plants are estimated to raise electricity generation capacity by 3,100MW.
The plants would mostly use imported liquefied natural gas (LNG). Although Myanmar has gas reserves, the country exports most of its existing offshore production. It plans to deploy floating gas storage and regasification units to store LNG for these power projects.
To speed up the process, Myanmar's government has signed agreements to "start preliminary engineering work," such as environmental assessments, with six companies including - TOTAL, Siemens AG , Zhefu Holding, TTCL Public Company Ltd , Sinohydro Corporation and Myanmar-based Supreme Trading.
The latest developments in Myanmar’s electricity generation is discussed at CMT's 5th Myanmar Power Summit, on November 15-16, 2018 in Yangon.