Sign up | Log in



Home  >>   Daily News  >>   Myanmar News  >>   Energy  >>   Thai energy firms keen to expand into Myanmar
NEWS UPDATES Asean Affairs   11 January 2013  

Thai energy firms keen to expand into Myanmar


Thai energy companies are hungry for investment opportunities in power-poor Myanmar.

Wandee Khunchornyakong, chairwoman of solar producer SPCG, said yesterday that Myanmar had only 2.5 gigawatts of capacity to serve more than 56 million people, while Thailand had 32GW for 67 million.

Energy demand has spiked after the isolated country opened up last year and foreign businesses began pouring in, she said.

SPCG it sounding out a group of major investors about starting up a solar-farm business. The joint venture is expected to be finalised by year-end.

Two 1-megawatt solar farms are expected to be located in Yangon and Mandalay, each covering at least 30 rai (4.8 hectares). The investment should be about 70 million baht (US$2.3 million) for each solar farm.

"Solar farms are suitable for Myanmar because the country has an off-grid system. Solar farms can be easily connected without having to rely on electricity poles. It is suitable for the community and environmentally friendly," she said while attending the opening of Kasikornbank's representative office in Yangon.

The cost of generating electricity by solar cells is half the cost of using diesel.

Solar farms are easy and fast to set up, while big power plants can take several years to begin supplying power, as they need all facilities such as pipelines and poles, Wandee said.

Surong Bulakul, chief financial officer of PTT, said the group planned this year to expand its business from upstream to midstream after it has been doing business in Myanmar for more than 20 years.

Its PTT Exploration and Production unit plans to produce power from a natural-gas reservoir at Zotica after PTT has been producing natural gas at two sites in Myanmar.

From total expected capacity of 300 million cubic feet per day, about 60mcf/d will be sent to Myanmar and 240mcf/d to Thailand.

Thai Oil will continue developing a refinery in Myanmar.

PTT will launch PTT Life service |stations in big cities, which will not only dispense petrol but also offer services such as Amazon coffee, Wi-Fi and car maintenance.

PTT has a long-established business relationship with Myanmar and contributes $300 million (9 billion baht) per month in revenue to the Myanmar government from the purchase of natural gas.

"The opening up of the representative office will support the Myanmar economy such as modern trade and electronic remittances," Surong said.

Preeyanart Soonthornwata, president of Amata B Grimm Power, said the company was studying the laws and regulations before deciding to enter Myanmar.

"The energy business depends on the government's policies because it deals with rates, national fuel policy to serve the masses, energy security and the transfer of funds."

Myanmar has high potential because the country is rich in natural resources such as natural gas and coal, she said.

"But we have to be sure that the rules and regulations are settled and stable."


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    11 January 2013   
Subsribe Now !
• New Sec Gen of Asean, Vietnam’s Le Luong Minh takes charge   Subcribe: Asean Affairs Global Magazine
• NCAP: Asean safety standards for autos Asean Affairs Premium
• Vietnam to prioritise energy ties with Russia
• Thai energy firms keen to expand into Myanmar
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Google reaching out to young developers in Brunei
• Indian BPO firms plan expansion into Philippines
Asean Analysis              11 January  2013      Advertise Your Brand
• Asean Analysis- January 11, 2013  
• Asean Weekly- January 11, 2013 Sponsor Our Events

Asean Stock Watch      11  January  2013    

• Asean Stock Watch- January 11, 2013
• Asean Stock Watch- January 10, 2013

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand