Ministry of Electric Power

Ministry of Electricity and Energy
လျှပ်စစ်စွမ်းအားဝန်ကြီးဌာန
Agency overview
Type Ministry
Jurisdiction Government of Burma
Headquarters Naypyidaw
Minister responsible
Website www.moep.gov.mm

The Ministry of Electric Power (Burmese: လျှပ်စစ်စွမ်းအားဝန်ကြီးဌာန; abbreviated MOEP) administers Burma's electric power policies.

The Ministry of Electric Power is currently led by Aung San Suu Kyi.

Myanmar Engineering Society has identified at least 39 locations capable of geothermal power production and some of these hydrothermal reservoirs lie quite close to Yangon which is a significant underutilized resource. [1]

Financing Geothermal projects in Myanmar use an estimated break even power cost of 5.3-8.6 U.S cents/kWh or in Myanmar Kyat 53-86K per kWh. This pegs a non-fluctuating 1$=1000K, which is a main concern for power project funding. The main drawback with depreciation pressures, in the current FX market. Between June 2012 and October 2015, the Myanmar Kyat depreciated by approximately 35%, from 850 down to 1300 against the US Dollar. Local businesses with foreign denominated loans from abroad suddenly found themselves rushing for a strategy to mitigate currency risks. Myanmar’s current lack of available currency hedging solutions presents a real challenge for Geothermal project financing. [2]

See also

References

  1. ↑ DuByne, David (November 2015), "Geothermal Energy in Myanmar Securing Electricity for Eastern Border Development" (PDF), Myanmar Business Today Magazine: 6-8
  2. ↑ DuByne, David (November 2015), "How Myanmar can Hedge Foreign Loans for Geothermal Projects to Mitigate Kyat Devaluation Risks" (PDF), OilSeedCrops.org
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