Myanmar Energy Storage Investment Policy Document

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6 Frequently Asked Questions about “Myanmar Energy Storage Investment Policy Document”

What is Myanmar's energy strategy?

At present, Myanmar's general strategy encourages energy self-sufficiency and independence. The MEMP highlights the current energy situation, predicts future energy consumption, and draws several policy implications. This chapter reviews key strategies and policies related to energy development in Myanmar, especially in the gas sector.

What is the 2015 Myanmar energy master plan?

The 2015 Myanmar Energy Master Plan is put forward by the Asian Development Bank and Myanmar Ministry of Energy in order to analyse energy demand development from 2014 to 2035 along five supply expansion scenarios.

How much will Myanmar's energy sector cost?

According to government policy preference the EMP predicts that Myanmar's energy sector will be require an investment of between USD 30 to 40 billion over a 15 to 20 year period. Consultants' reports describe activities by a consultant or group of consultants related to preparing a TA project.

Is Myanmar's energy policy a mixed guiding strategy?

The MEMP is a mixed guiding strategy rather than a policy itself because Myanmar is in the process of formulating separate policies for both the upstream and downstream energy sectors. At present, Myanmar's general strategy encourages energy self-sufficiency and independence.

What is Myanmar's energy policy?

Sooner or later, Myanmar's natural gas, coal, crude oil, and renewable energy resources will play a significant role in the country's energy mix, and will help ensure Myanmar's energy independence and security. 2. National Energy Policy

Why is Myanmar's energy sector underdeveloped?

Myanmar has abundant energy resources, particularly hydropower and natural gas. However, the country's energy sector has been underdeveloped due to global isolation and lack of financial and technical capacity. This is the first energy sector assessment, strategy, and road map for Myanmar prepared by ADB's Southeast Asia Energy Division.

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