21.05.2025 (12:01 PM)

If the Myitsone Hydropower Project had not been suspended, the electricity demand would have exceeded the demand, he said.

Battery-powered railway locomotives will also arrive and be put into use soon, said the Chairman of the State Planning Council, Prime Minister Senior General Min Aung Hlaing.

The Chairman of the State Planning Council made the following statement during a supplementary discussion on the second day of the State Planning Council Cabinet Coordination Meeting held at the meeting hall of the Chairman of the State Planning Council in Nay Pyi Taw this morning (May 20).

Regarding transportation, we will continue to implement the transition to an electric transportation system. Our government will do everything we can to the extent possible. Battery-powered railway locomotives will also arrive and be put into use soon, said the Chairman of the State Planning Council, Prime Minister.

Regarding fuel, we have to import about US$5 billion worth of fuel annually. The Prime Minister, who is also the Chairman of the National Economic and Social Development Council, said that although the import of electric vehicles (EV) has been allowed to reduce fuel consumption, there are restrictions due to the need for foreign exchange. Despite the trade surplus, the foreign exchange price is rising due to the large number of negative other expenditures.

In addition, there are many people going abroad for various reasons and spending foreign currency, and there are restrictions on the import of electric vehicles (EV) due to the need for foreign exchange. As explained in the previous meeting, if the target of agricultural crops can be achieved and the yield potential can be fully achieved, the national income will increase. If public transportation is encouraged and used more, the annual fuel import from abroad can be reduced, the Prime Minister, who is also the Chairman of the National Economic and Social Development Council, said that.

Similarly, the country has not yet met its electricity needs. Without electricity, development activities cannot be carried out properly. Our country has been implementing electricity generation projects for a long time to ensure sufficient electricity supply. However, due to various reasons, the existing electricity generation projects have not been implemented, resulting in a lack of electricity supply. To give a clear example, if the Myitsone Hydropower Project had not been suspended, it would have generated 6,000 megawatts. If the existing power plants and the Myitsone Hydropower Project were combined, the electricity demand would not only be met but even exceeded, the NASC Chairman said.