Energy Sector : MyanmarvInfrastructure Monitoring
Myanmar’s energy sector has been severely affected by the dual shocks of the February 2021 coup and Coronavirus disease 2019 (COVID-19) pandemic. Developments in the energy sector after the coup have undermined nascent energy sector reforms over th...
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| Format: | Report |
| Language: | English |
| Published: |
Washington, DC: World Bank
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099045104062298290/P177540085ed880ca098230031387b28dd2 http://hdl.handle.net/10986/37422 |
| Summary: | Myanmar’s energy sector has been
severely affected by the dual shocks of the February 2021
coup and Coronavirus disease 2019 (COVID-19) pandemic.
Developments in the energy sector after the coup have
undermined nascent energy sector reforms over the last few
years, including reforms that led to improved service
delivery, restructured electricity tariffs, and increased
electricity access. Constraints in human resources resulting
from the dismissal of over 4,400 staff in key entities and
departments under the Ministry of Electricity and Energy
(MoEE) has put power sector operation at risk. Public
boycott of electricity payments and rising costs of
electricity due to dollar-denominated independent power
producers have adversely affected the financial viability of
the power sector. The political instability in the aftermath
of the coup has led to significant operational and financial
burdens on the sector, affecting the sector financial
viability and fiscal sustainability. Investor confidence has
plummeted amid uncertainty and a worsening investment
climate, jeopardizing the implementation of approved power
projects, including renewable solar. While the global
commodity rally continues, there are serious challenges
ahead, including the need for skilled labor to ensure
electricity reliability, maintain the security of power
infrastructure, and increase electricity revenues. |
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