Business

Delphos International, a Washington DC-based company focused on project financing in emerging markets, recently completed the first phase of a study on Myanmar’s energy sector under a project financed by the United States Trade and Development Agency (USTDA). At the request of the Ministry of Electricity and Energy, the study was expanded to include the state of the national electricity grid and its capacity to handle power from renewable sources. The manager of the project, Mr Eric Shumway, spoke to Frontier’s Thomas Kean about why the ministry has concerns about renewables, comparing the cost of different power generation types and why power shortages could get much worse before the situation begins to improve. Before joining Delphos to manage the project, Shumway was a director at London Economics International, an energy economics consultancy.