Myanmar will raise electricity prices for the first time in five years, with rates as much as tripling for households and nearly doubling for businesses, Nikkei Asian Review reported.
The government's just-announced tariff increases take effect this coming Monday and will bring relief to money-losing utilities that have sold power for far below generating costs.
According to the report, demand for electric power is growing 11% a year, based on estimates published in a World Bank report this month.
But supply, much of it from hydropower, has struggled to keep up as aging infrastructure falls into disrepair.