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June 18, 2019

NEWS
PRODUCTION

Local coffee growers marginally hit by falling prices

A drop in global coffee prices has affected Myanmar’s coffee growers. Depending on the type of coffee, the price has dropped to around US$ 500 a tonne.

Coffee growers in Myanmar enjoy some protection from price volatility though. “While the volume of coffee exported has declined due to the global oversupply, growers in the Ywa Ngan area in Shan State still receive assistance from the United States Agency for International Development. Also, our contracts have fixed prices. This has cushioned the effects of falling global prices for us,” said U Win Aung Kyaw, chair of Ywa Ngan Coffee Association.

Currently, Myanmar exports coffee to the US, Europe, Switzerland, Japan, Taiwan and other Asian countries, said Myanmar Coffee Association’s chair U Ye Myint.

In lowland areas, coffee is being largely grown around Kayin State’s Thandaunggyi township. In highland areas, the crop is largely grown around Mandalay Region’s Pyin Oo Lwin township and Ywar Ngan township in southern Shan State.

An adult coffee tree produces fruit between December and February. After coffee trees are grown for about two years in a nursery, they are replanted in larger plantations. The plants yield fruits which are ready for harvesting about three years later.

Local and foreign coffee buyers are more interested in procuring coffee beans which have won awards at international contests, said U Min Hlaing.

The next such competition will be held on March 18 in Yangon and all the coffee growers from Ywar Ngan are expected to participate, said U Win Aung Kyaw.

Source: Myanmar Times

Factory in Thadukan zone making 40 electric cars a day

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The Khaing Khaing Sangda Motorcar factory in the Thadukan industrial zone, Shwepyitha Township, Yangon Region, is producing 40 electric cars per day.
Production at the factory started this month on two new models of hybrid electric cars — KSD-V1 and KSD-V2. The cars are being jointly produced by China’s Yue Di and the Khaing Khaing Sangda Motorcar factory.
“At present, more than 100 electric cars have been manufactured. The cars will get a licence number by the end of March. The factory plans to continue producing electric vehicles.

Source- Global New Light of Myanmar

90-megawatt gas-fired station opened in Myingyan Township

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A 90-megawatt gas-fired station was opened in central Myanmar to serve as an additional power supply in summer when the domestic electricity demand reaches its peak.
Constructed by the Hong Kong-based VPower Holdings Limited and its local partner Zeya & Associates Co. Ltd., under build-operate-own (BOO) system, near a steel factory in Myingyan Township, Mandalay Region, the station will generate 90 megawatts in summer and 45 megawatts in the rainy season, during which the production capacity of hydropower stations is high.
Normally, the station will burn 20 million cubic feet of natural gas per day supplied by Shwe offshore field, but thanks to the organic rankine cycle (ORC) technology, that raises the efficiency of generators by two percent, it uses less natural gas, the Union Minister explained.
He then explained the tender process and test run of the station that has been supplying power for the public and industries of Myingyan, Taungtha, Nwatoegyi and Bagan-NyaungU townships, water pumping stations in Myingyan District and Myotha industrial zone since 1 February 2019 through the 132-kv subpower station.
The Shwe offshore gas field in Myanmar waters is supply gas for generating 382 megawatts of electricity including in rural areas of Kyaukphyu and Central Myanmar.

Source: Global New Light of Myanmar

Over Ks30 billion loans disbursed to more than 800 farmers

Under the (JICA) Japan International Cooperation Agency’s two-step loan scheme, a loan of over Ks30 billion have been disbursed to more than 800 farmers during more than one year.

Currently, the bank is granting loans to farmers in 43 townships for the purchase of 169 agricultural machineries.

Under the JICA’s two-step loan project, the bank will disburse a loan of around Ks180 billion (15 billion Japanese yen) with the 40-year repayment period including the ten-year suspension period.

Under the project, the bank will disburse a loan of up to Ks50 million to an individual and up to Ks 0.5 billion to a group. The bank will disburse loans to farmers in order that they can buy agricultural equipment and trucks. The bank will give more priority to the farmers who will buy agricultural equipment.

Even though the disbursement of about Ks180 billion for the development of farm sector and the rural region is huge in term of amount, the loans will go to only two per cent of farmers across the country, she continued.

Source: Daily Eleven

Govt. signs two MoUs to produce Electricity and Sugar in Sagaing

Sagaing Region government is signed MoUs to produce electricity from biomass and sugar in the region during Invest Myanmar Summit 2019 held at Nay Pyi Taw, sources said.

“We signed a first phase of project which worth US$200 million to produce sugar. The overall project will cost US$350 million. It will be a joint-ventured business between Great Wall Foodstuff Industry Company Limited (Myanmar) and Hong Kong International Sugar Engineering Co. Ltd. (China, Yunnan State),” said an official from the regional government.

“Investors from local and overseas, who came to attend the summit, can analyze the projects at the summit and they can know easily about the projects,” said Zaw Min Win, Chairman of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

The projects will be developed in Kathar Township.

“We want to invite investors to make investment in the region. We will help them as much as we can,” said Dr Myint Naing, Chief Minister of the region.

Source: Daily Eleven

Invitation for establishing mini refinery released

Ministry of Electricity and Energy (MOEE) released a statement about invitation for anyone who wants to establish mini refinery. Foreign owned companies or Myanmar citizens who are interested in setting up mini refinery could send an application to the Myanmar Petrochemical Enterprise (MPE), a department under MOEE.

Myanmar citizen applicants have to submit their names, ID cards, contact address, and telephone numbers. Companies or organizations which apply for the license need to submit the relevant company names, company identity numbers (Copy), telephone and mobile numbers, land ownership certificates, location and environment for establishment, recommendation from State or Region government, lay out plans, detail design drawings, daily production amount, batch type of continuous type, plan for raw materials, plan for electricity and energy usage, cleaning system of chemical and drain, and plan for fire fighting system.

Details about rule and regulation for applicants are provided at the MOEE website (www.moee.gov.mm).  Applicants can also contact MPE by dialing 067-3411082 and 067-3411093 in office time for detail information.

Source: Daily Eleven

PanAust gets green light to mine gold, copper

PanAust, the Australian mineral miner had received three new licenses for the prospecting and exploration of gold and copper in Myanmar on 6th July. PanAust is an Australian-headquartered copper and gold producer with operations in Laos. It is also pursuing pre-development and exploration opportunities in Myanmar and Papua New Guinea. In Myanmar, PanAust holds an 80 percent interest in Wuntho Resources Company Limited (WRCL) and has established a joint venture with Myanmar Energy Resources Group International Company Limited (MERG), a Myanmar-based company, which holds the remaining 20pc of WRCL.

 

Source – Myanmar Times

 

POSCO Daewoo Starts Second Phase of Myanmar Gas Field Development Project

POSCO Daewoo has started the second phase of a Myanmar gas field development project, the company announced on June 28. It began to develop eight additional production wells by signing a contract with world-class companies. POSCO Daewoo announced that its president Kim Young-sang signed an engineering, procurement, construction, installation and commissioning (EPCIC) contract with Baker Hughes and McDermott for the second phase of the Myanmar gas field development project. The contract is worth 300 billion won. The McDermott-Baker Hughes consortium will install subsea production facilities, subsea gas pipelines, and underwater production controllers to develop a total of eight subsea wells, four in Shwe Gas Field and the other four in ShwePhyu Gas Field. POSCO Daewoo will manage and supervise the EPCIC project while directly conducts drilling work at the eight subsea wells.

Source- Business Korea

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