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Economy

World Bank warns Myanmar to double electricity sector investment

A power shortage that already results in scheduled blackouts is set to worsen

Yangon has planned rolling blackouts every day to cope with Myanmar's power shortage. (Photo by Yuichi Nitta)

YANGON -- Myanmar needs to invest twice as much and implement projects three times faster to address its rapidly growing demand for electricity, the World Bank said.

The figures presented in its Myanmar Economic Monitor, a biannual report released on Tuesday, indicated that Myanmar's electricity supply will further deteriorate without a steep increase in investment by domestic and foreign suppliers.

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