The government is expected to collect K3 trillion more from the electricity generation in fiscal 2019-2020 compared to the previous year now that power tariffs have been raised since July, Deputy Minister of Planning and Finance U Maung Maung Win said in the Pyidaungsu Hluttaw (Assembly of the Union) on Wednesday.
He added that the new power tariffs were included when computing the budget for the coming fiscal year beginning October 1.
In total, the Ministry of Electricity and Energy is expecting to collect revenue amounting to K7.5 trillion in the coming fiscal year.
According to the National Planning Bill, the government aims to produce more than 32,313 kilowatt-hours by installing up to 6653 megawatts of power generation capacity via hydropower, coal, solar, diesel and natural gas. This will provide electricity to some 2923 villages.