Share this post

Only 40 per cent of Myanmar’s rural population has access to grid power. The joint venture by Singapore-listed Yoma Strategic Holdings and the energy platform of Philippine conglomerate Ayala Corporation aims to boost access to electricity.

Two Southeast Asian business conglomerates have teamed up to invest at least US$30 million in renewable energy projects in Myanmar, which has one the region’s lowest rates of access to grid electricity.

Myanmar-focused Yoma Strategic Holdings, which is listed on the Singapore stock exchange, will form a 50:50 joint venture with AC Energy, the energy arm of Ayala Corporation of the Philippines, to drive the growth of Yoma Micro Power.


Related Post


Myanmar Times News:...

Published by Myanmar Times 1st Sept 2020 Myanmar needs to continue pushing out power...



Myanmar Times News : IFC to...

Published by Myanmar Times 9th Jun 2020 The International Finance Corporation (IFC) is...