Power sector attracts over 1 bln USD foreign investment in Myanmar in 4 months

Power sector attracted over 1 billion U.S. dollars of investment capital from six permitted foreign enterprises in first four months of current fiscal year (FY) 2019-2020 which started in October, according to figures released by Myanmar's Directorate of Investment and Company Administration (DICA).

As of Jan. 31, Myanmar's power sector topped the list with most investment capital, followed by real estate and manufacturing sectors.

From FY 1988-1989 to Jan. 31 of FY 2019-2020, 26.4 percent of foreign investment flowed into the country's power sector with capital of over 22.2 billion U.S. dollars, the DICA's figures said.

Meanwhile, Myanmar Investment Commission (MIC) allowed 106 enterprises with a total of 2.08 billion U.S. dollars of investment capital as of Jan. 31 of present FY 2019-2020.