Under a memorandum of understanding signed between Myanmar's Ministry of Electric Power and the Green Earth Power Co Ltd of Thailand, the project of establishing a solar power plant capable of generating 50 megawatts (mw) of electricity will be implemented in Minbu, central Magway region, said the New Light of Myanmar.
On its completion, the power plant will go into operation by 2015-16, it added.
Moreover, arrangements are also being made by another company, the ACO Co., to build another solar power plant with a generating capacity of 250 mw in Nabu-aing of Mingyan district of Magway and the project is also expected to be completed by 2015-16.
Regionally, there are two existing hydropower plants in Magway Region -- Mone Creek and Kyiohngyiwa hydropower plants each generating 75 mw and is being distributed to national grid.
There are mainly 21 hydropower stations and one coal-fired one across Myanmar.
According to official statistics, Myanmar generated 1,933 mw of electricity in maximum in 2013's rainy season. However, in summer, it supplied 1,688 mw against the demand of 2,060 mw.
In recent years, the Myanmar authorities have been endeavoring to increase over 100 mw of hydropower annually to fulfill the electricity demand, while cutting back some supply of electricity to industrial zones for guaranteeing full power supply for Yangon dwellers.
At present, the northern part of the country mainly depends on hydropower while the southern part on gas and coal-fired power.
For the development of the country's electric power sector, the Asia Development Bank and the World Bank are providing technical assistance to Myanmar, according to a official report.
Meanwhile, foreign investment in Myanmar's power sector stood atop with 19.237 billion U.S. dollars as of July 2013, accounting for about 45 percent of the total.