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Myanmar's MSMEs urged to adopt solar energy to tackle power shortages

0 Comment(s)Print E-mail Xinhua, February 6, 2025
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YANGON, Feb. 6 (Xinhua) -- Myanmar's Chairman of the Micro, Small, and Medium-sized Enterprises (MSMEs) Development Committee Vice Senior General Soe Win has urged MSME businesses to adopt solar energy to address power shortages, state-run daily The Mirror reported on Thursday.

At a committee meeting in Nay Pyi Taw on Wednesday, MSME businesspeople discussed issues related to electricity supply. Soe Win encouraged the use of solar energy to overcome the challenge of insufficient electricity in industrial zones, the report said.

Myanmar's nationwide electricity production exceeds 6,300 megawatts. However, some factories have halted operations due to various reasons. The Ministry of Electric Power is making every effort to provide electricity in a rotation based on its production capacity, he said.

Some companies have already adopted solar energy to generate electricity, enabling them to expand operations. Using their success as an example, other companies are also working on solar energy production, he added.

By doing so, businesses can ensure a stable power supply for their own use and even sell surplus electricity back to the national grid. The cost of solar installation will reach a payback period in a few years, he added.

Additionally, he added that the government is implementing projects to generate over 1,000 hybrid megawatts from natural gas and solar energy across various regions and states, the report said. Enditem

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