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Myanmar Crisis

Myanmar energy crisis deepens as power plant investors balk

Military's new minister signals a tougher approach toward businesses

After the military takeover in February 2021, foreigners who had invested in Myanmar's energy sector began fleeing the country, leaving severe power shortages in their wake.   © Reuters

YANGON/TAIPEI -- As Myanmar braces for its crippling power and economic crises to intensify, there are fears the military regime will get tough with investors and push ahead with controversial energy projects.

Military authorities in March were forced to impose countrywide power cut schedules, according to leaked documents reported by Burmese media Khit Thit. But acute shortages worsened after the April water festival holidays, driving households and businesses into deeper desperation.

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