MYANMAR ELECTRICITY

Myanmar's Ministry of electric power increase the electricity rates

epa11579712 A battery bike drives pass under the electric poles and cables in Yangon, Myanmar, 02 September 2024. Myanmar's Ministry of electric power increase the electricity rates for both households and businesses starting from 01 September 2024, the state run medias announced on 30 August 2024. The electricity rate rise due to upgrade, expending the construction and maintenance of the large power plants and power grids, in the announce said. Food and commodity prices go up along with fuel price due to the electricity price increase. Myanmar's economy continues to face significant challenges and the economic growth is forecasted to one percent for the 2024 - 2025 fiscal year, according to the World Bank press release. EPA/NYEIN CHAN NAING

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