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Myanmar Electric Power Transmission & Distribution (T&D) Infrastructure Industry Analysis
Myanmar, also known as Burma, is a developing country located in Southeast Asia. The country is facing significant challenges in the Electric Power Transmission & Distribution Infrastructure industry, with inadequate infrastructure and a lack of reliable electricity supply.
Currently, Myanmar's electricity infrastructure is fragmented, with many areas of the country lacking access to electricity. The power sector is heavily reliant on hydropower, which accounts for around 60% of electricity generation. However, there have been concerns about the environmental impact of large hydropower projects, which has led to opposition and delays in construction.
To address the country's energy needs and improve the electricity infrastructure, the Myanmar government has been working on several initiatives, including the National Electrification Project (NEP) and the Myanmar Sustainable Energy Plan (MSEP). The NEP aims to bring electricity to all households and increase access to electricity from 50% to 100% by 2030, while the MSEP aims to increase the share of renewable energy in the country's energy mix.
In terms of major drivers in the industry, the increasing demand for electricity due to urbanization and economic development is a significant factor. Additionally, the government's efforts to attract foreign investment in the power sector are expected to drive growth and create opportunities for new projects.
The outlook for the Electric Power Transmission & Distribution Infrastructure industry in Myanmar is optimistic, as the government continues to prioritize the development of the power sector. However, there are still significant challenges that need to be addressed, including improving the reliability of the electricity supply, addressing environmental concerns related to hydropower projects, and increasing access to electricity in rural areas.
Overall, the industry presents opportunities for investment and growth, as the country continues to modernize and develop its infrastructure to meet the growing demand for electricity.
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