Decarbonization of the electric power sector is essential for sustainable development. Low-carbon generation technologies, such as solar and wind energy, can replace the CO2-emitting energy so.
How much energy does Myanmar have?
Myanmar's proven energy reserves in 2017 comprised of 94 million barrels of oil, 4.552 trillion cubic feet of gas, and over 500 million metric tons of coal. The country is a net exporter of energy, exporting substantial amounts of natural gas and coal to neighbouring countries. However, it imports around 90% of its total oil requirements. 1.2.
The Myanmar energy demand supply situation indicates that power generation mix must shift to more coal and hydropower, continued use of biomass, natural gas consumption, and appropriate increase of renewable energy such as solar PV and wind power generation.
What natural resources are found in Myanmar?
Myanmar is endowed with rich natural resources used for the production of commercial energy. The current available sources of energy found in Myanmar are crude oil, natural gas, hydroelectricity, biomass, and coal. Besides these, wind, solar, geothermal, bioethanol, biodiesel, and biogas are the potential energy sources found in Myanmar.
As shown in Table 12.2, the Power Resource Balance scenario (Scenario 3) has the lowest installed capacity at 23,594 MW by 2030, with hydro share at 38%, coal 33%, gas 20%, and renewables (solar, wind, etc.) at 8%. MW = megawatt. Source: Myanmar Energy Master Plan, 2015.
What is Myanmar's energy policy?
Myanmar's energy policy aims to increase the use of its abundant water resources for hydropower development to reduce the need for fossil fuel power generation. Energy eficiency management can reduce energy consumption to minimise harmful environmental impacts.
In the LCET, Myanmar's primary energy supply is projected to increase by the same amount as in the BAU scenario. Between 2019 and 2050, hydro will grow the fastest at 8.4% per year, followed by coal at 6.8% per year. Natural gas is expected to grow at 3.4% per year. Oil is expected to decrease at an average annual rate of 0.2% over the same period.