Enactment of the new Electricity LawMyanmar recently enacted a new Electricity Law (Pyidaungsu Hluttaw Law No. 44/2014 dated 27 October 2014), repealing the outdated Electricity Law of 1984. The long-awaited law seeks to liberalise the electricity sector and ease administrative procedures in hopes of promoting the development of a much-needed modern power infrastructure. Currently, only 30% of Myanmar's population has access to electricity and the Myanmar Government has announced the goal to increase the country's installed capacity from 4,000MW to 20,000MW by the year 2030.
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intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.
