|| Energy consumption has been the engine of economic growth and structural transformation. As developing country continues transforming into modern economy, there is a sharp uptick on energy. Energy, therefore, plays a crucial role at the early stages of a nation development.
Myanmar, under the Framework for Economic and Social Reforms, placed immediate priority on universal electrification in order to re-enter to the global markets. Evolving into a competitive export-oriented economy with modernising and scaling up electricity capacity requires greater foreign investment and infrastructure modernisation.
While funding and infrastructure are fundamental, guaranteeing access to modern forms of energy is not easy. The varied geography of Myanmar, from the mountainous states of Kachin and Shan to the beaches of Mon and Tanintharyi, complicates this further. While the development of off-grid alternatives is important for remote regions, large-scale grid expansion is necessary for Myanmar’s long-term development goals.
The hosting of the 5th edition of Myanmar Green Energy Summit in Yangon will once again converge the top notch of both local and international energy stakeholders to be updated on the development plans and policies in investing in Myanmar’s energy sector; to assess market opportunities and at the same time discuss strategies and implementation plans in achieving universal electrification by 2030.