Myanmar Power Report Q2 2016
BMI View: The Myanmar power sector is set to grow impressively over the coming decade and will be oneof the fastest growing markets in the region. We also expect the country's energy mix to change over thedecade and this change will create numerous opportunities.
Latest Updates And Structural Trends
We forecast electricity generation in Myanmar to grow by 12.1% in 2016, a significant pick-up fromwhat we estimate to have been a 6.9% expansion in 2015. We believe growth in 2016 will continue to beprimarily driven by hydropower and gas-fired generation, similar to 2015. Myanmar's power sector willbe one of the fastest growing in Asia over the coming decade. We have retained our long-term bullishforecast on electricity generation, with growth set to average 8.0% per annum between 2016-2025. Thisis significantly higher than the regional average of about 5.2%.
In June 2015, Japanese firm Marubeni Corporation announced it had entered into a memorandum ofunderstanding with Myanmar's electric power ministry to conduct a feasibility study for a 400MW gasfiredpower generation facility in Yangon Region, Myanmar. Marubeni will carry out the study in aconsortium with Thai firm Global Power Synergy and Eden Group. The project is part of Myanmar'sefforts to boost power generation capacity to meet rapidly growing demand. The facility is beingdeveloped by a team of Japanese and Myanmar-based firms, including Marubeni. The plant is estimatedto cost about JPY40bn (USD325mn), reports NIKKEI Asian Review. Construction is expected to beginin 2016 and the facility is scheduled to be commissioned in 2019.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook