The Yangon Region government has warned that it intends to confiscate inactive plots at industrial zones around the city, state-controlled media reported last week.
Yangon Region Minister for Electricity, Industry and Transportation Daw Nilar Kyaw told the regional hluttaw on May 26 that plots on which no development had occurred within six months would be seized, the Global New Light of Myanmar reported.
The minister said the decision followed inspection tours conducted at nine industrial zones since May 19.
The inspections had revealed plots that were undeveloped or had warehouses built on them.
MP U Tint Lwin (Mingalar Taung Nyunt-1) said some people had bought plots for property speculation and others to build warehouses for leasing.
The report quoted sources as saying that there were 2,339 idle plots and 1,290 warehouses on the 29 industrial zones in Yangon Region. The zones cover a total of 4,418 acres.
On a separate issue, the minister told the assembly that the regional government planned to review the role of private electricity companies after finding that some were breaching contracts, the GNLM said.
The Ministry of Electricity and Energy would check the contracts, Nilar Kyaw said.
Yangon Electricity Supply Corporation has contracted some private companies to distribute power to select townships in the region, the report said, adding that
YESC had last fiscal year bought 6,700 billion units of electricity from the national grid and resold 5,913 billion units.
Yangon Region consumes 1,250 megawatts, which is more than half of the country’s total electricity output, and needs a 15 percent increase in supply to meet total demand, the report said.