Myanmar expects to build lithium battery factories with Russian aid

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Hsu (NP News) - Dec 9

Discussion has been made between #Myanmar’s Ministry of Electric Power (MOEP) and Russia’s #ROSATOM to construct #lithium_battery factories as part of the #electric_vehicle project.

The meeting was conducted in Naypyidaw on December 8.
Development topics related to small hydropower plants, renewable energy, wind energy project, and thermal power plant project were also discussed between the MOEP and ROSATOM from Russian Federation.

Electric motor vehicle import will be allowed starting from 2023 January 1 and the importer companies must abide by the directives, rules, and regulations laid down by the Ministry of Commerce.

A total of 26 foreign companies have reportedly proposed the import of electric vehicles to Myanmar.

The Ministry of Planning and Finance also exempted customs and tariffs to zero percent for the electric vehicle importing process.

Myanmar is now facing a power shortage including in big cities like Yangon and the power is distributed according to the schedules like the ration system which leads to many difficult situations for industries, workplaces, and companies.

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