U Lin Tun, managing director of local energy firm Quasar Resources, believes that many officials in the energy ministry see LNG only as a temporary solution for the next five to 10 years.
Neither the ministry nor VPower has any experience in LNG power plants, he highlighted.
The current government still sets its sights on hydropower and coal with the energy master plan targetting a mix of 57pc hydropower, 30pc coal, 8pc natural gas and 5pc solar and wind by 2030.
However, hydro and coal plants have “very long lead time for development given the environment and social impacts, cost of projects, and lumpy nature of investment,” said U Lin Tun.
As the country braces for the COVID-19 economic fallout, blackouts could add to the disruption by affecting those who are now working remotely and all depends on how soon the emergency plants could go into operation.
“This [delay] has huge implications to the development and stability of the country and political implications for the NLD,” U Lin Tun warned.
“It may be wise to bring in third parties to assess each of the projects in light of these delays. The NLD government needs to have a non-biased picture of the state of these projects so it can make wise decisions.” (Read More)