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Livestock, fisheries attract five foreign investment projects in seven months

Livestock and Fisheries sector has attracted five foreign investment projects as of April-end in the current financial year 2020-2021 since October, according to the Directorate of Investment and Company Administration (DICA). Those businesses brought in over US$20 million, including the expansion of investments by the existing joint ventures.

They are executing poultry farm, pig farming and sales of pigs, production and farming of broiler and shrimp, as per data of the DICA. Since 1988-1989 FY, about $926.218 million of FDI have flowed into the livestock and fisheries sector. Next, 16 countries have put investment in the livestock and fisheries sector so far.

Among them, Thailand has topped the list of investments, with over $380 million, followed by Singapore with about $130 million. Myanmar’s livestock and fisheries sector are crucial to the livelihoods of many vulnerable households and contribute to improving nutritional outcomes in the country. 

Source: The Global New Light of Myanmar

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YCDC planning to build 50 mln euro worth Waste to Energy plant in Htainpin dump site

Myanmar’s Waste to energy and waste to biogas plant, backed by Poland’s government technology and financial support, will be built in Htainpin dump site in Hlinethaya Township, with the lowest possible environmental impact, according to the Yangon City Development Committee (YCDC). YCDC has projected to build the waste to energy and waste to biogas plant in Htainpin dump site, in cooperation with Poland government. Htainpin dump site has been polluted. This biofuel plant will produce the compressed natural gas CNG and other biofuels which can substitute firewood and reduce water and air pollution, said Dr Aung Myint Maw, director of YCDC (Environmental Conservation and Cleaning Department).

This plant will be constructed with the low-interest loan 50 million euro of Poland government. The Environmental Conservation and Cleaning Department is daily handling more than 2,500 tonnes of garbage, and 1,500 tonnes of garbage is disposed at Htainpin dump site. This biofuel plant will generate CNG from 1,000 tonnes of garbage. Additionally, the Environmental Conservation and Cleaning Department under the YCDC cooperated with the JFE Engineering, which is commissioned by the Tokyo Metropolitan Government, to build the first ever Yangon Waste to Energy Plant. The plant is located on 15 acres of land near Hlawkar Road in Shwepyitha Township, Yangon, and the project cost US$16 million.

The plant burns 60 tonnes of garbage from Mingaladon dump site to generate 760 KW electricity per day. About 400 KW of electricity is used to operate the plant and other 300 KW are fed into Yangon Electricity Supply Corporation (YESC)’s national power grid. Therefore, it can supply about 180 MWh per month. About 2,500 tonnes of solid waste are daily generated in Yangon. At present, Yangon Waste to Energy plant can incinerate only 60 tonnes of waste to generate electricity. As a result of this, the YCDC stepped up to implement the waste to energy and waste to biogas project. Poland government is mulling over it to sign an agreement amid the surging coronavirus cases. They will make concerted efforts to start this project.

Source: The Global New Light of Myanmar