Myanmar attracts big investments in hydropower

A third of the total foreign investment in Myanmar went into the hydropower sector during the first seven months of the 2010-2011 fiscal year. Hydropower also represented the second-largest investment sector.

Myanmar’s Central Statistical Organisation shows that from April to October 2010, foreign investment in the power sector reached US$5.03 billion. Total foreign investment in all sectors during the period was $15.9 billion.

Investment in hydropower was second only to oil and gas, which amounted to $9.8 billion, while the mining sector stood in third place with investment totalling $990 million during the period.