Myeik residents lament higher power prices after Myeik Public Corp Lt took over distribution of electricity in Myeik from Regional government

Electricity prices in Myeik, Tanintharyi Region, have risen since an agreement between the Tanintharyi Regional Government and public company Myeik Public Corp Ltd was inked on October 26 for the latter to take over distribution of electricity in the Myeik area.

Under the electricity distribution contract, Myeik Public must commence distribution of electricity within six months of signing. South  Korean company KHAN Co Ltd is investing US$40 million (K63.7 trillion) to improve the electricity grid for distribution, while Golden Green Energy Co Ltd (GGE) and Myeik Public will contribute K6 billion.

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