Quarterly Business Magazine

Pyi Htaung Su Hluttaw Approved the New Electricity Law

Posted :
Sunday, October 5, 2014

Nay Pyi Taw – On October 3rd, Pyi Htaung Su Hluttaw has approved the new Electricity Law that allows private sector to operate and re-negotiation of existing contracts with power companies already operating.

“In re-negotiating existing contracts, we want to include the clause that allows power exports to neighboring countries only if there is surplus domestically,” said U Saw Hla Tun, secretary of the lower house’s Bill Committee.

According to the new law, regional governments have the rights to produce and distribute electricity within their own regions in accordance with the amount prescribed by the law and in cooperation with respective ministries.

Since this law has been approved by Pyi Htaung Su Hluttaw, it will be forwarded to the President. If the President does not object and signed the Law, the new Law will become effective in 14 days.

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