FDI flows into power sector

07 September 2020
FDI flows into power sector
Electric poles and cables are seen along the road ahead of Sule pagoda at downtown area in Yangon. Photo: Lynn Bo Bo/EPA

Foreign direct investment (FDI) of over US$1.67 billion has flowed from eight enterprises into the power sector in the past ten months of the current financial year, state media reported quoting the DICA (Directorate of Investment and Company Administration statistics).

The quantum of investment in power is higher than in any other sectors. Myanmar has fetched over $5 billion inflows of FDI, including the expansion of capital and investments in the Special Economic Zones during the October-July period.

The Myanmar Investment Commission (MIC) and the investment committees of states and regions have allowed 219 enterprises to invest in the country.