In terms of the flow of investments in Myanmar’s electrical and energy sectors, the Directorate of Investment and Companies Administration (DICA) stated that 145 enterprises with a total investment of more than 22 billion USD had been approved for the oil and natural gas sectors.
74 of them are now operating with a total of 16 billion dollars. The oil and natural gas industry accounts for 22.61 percent of total foreign investment in the country and is the state’s second most important investment sector. Local investors have approved two enterprises worth more than 13 billion kyats in this industry.
“To meet the demands of the energy sector, we have permitted 5 foreign investments totaling 462 million USD for the construction of fuel storage tank services,” Thant Sin Lwin, Director General of DICA, stated. In this sector, domestic investors are authorized to open 18 firms with a total investment of 691 billion kyats.
In terms of foreign investment in the electric power industry, 35 companies have been approved so far, with a total capitalization of $25 billion USD. There are 34 firms operating out of them, with a total investment of 19 billion dollars. The electrical industry accounts for 26.13 percent of total foreign investment and is the most popular among investors.
In this industry, local investors have invested in 27 firms, totaling 982 billion kyats. There are 26 firms working with 817 billion kyats among them. 3.92 percent of total local investment in the power industry.”
In terms of the prospects for the growth of the electrical sector, the Director General of DICA stated that they have received over 500 million dollars in investment and are committed to allowing this industry to operate in accordance with protocols. In addition, they have agreed to enable national investors to spend above 50 billion kyats in the electrical industry.