Renewable energy law in the works to speed up development

Published onSeptember 26, 2018

The Ministry of Electricity and Energy (MOEE) is drafting a renewable energy law to develop the sector, said U Maung Maung Kyaw, Chief Engineer from the Department of Renewable Energy and Hydropower Plants under the MOEE. The ministry is aiming to generate 8 percent of the country’s electricity through renewable sources of energy by 2021. By 2025, the target is for 12pc of all electricity generated in Myanmar to be renewable. “We have plenty of natural resources such as solar and wind power. What’s lacking is legislation to govern the development of renewable energy. Without the law, investors are not protected and we do not have a system for providing incentives,” said U Maung Maung Kyaw. “We understand the situation and will try to enact a law to govern renewable energy to speed up development,” he added. The government will prioritise the development of solar energy, followed by wind energy, U Maung Maung Kyaw said. On the solar front, the state is currently building a plant in Minbu, Magway Region, which will have the capacity to generate 170MW of electricity when it is complete in February next year. The Minbu plant is the first solar powered plant in Myanmar.

Source: https://www.mmtimes.com/news/renewable-energy-law-works-speed-development.html