On 25 June 2019, the Ministry of Electricity and Energy (“MOEE”) announced that the electricity tariffs payable by end-users will be revised upwards, significantly lessening the burden placed on the Electric Power Generation Enterprise’s (“EPGE”) coffers. The move is widely expected to accelerate the development of new power projects in Myanmar. It is anticipated that higher tariffs for end-users will give the MOEE and EPGE the ability to agree on more competitive tariff rates with prospective independent power producers (“IPPs”). However, a closer look reveals that despite this positive step, significant challenges remain.
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