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Press Release

GE Celebrates Office Opening in Myanmar

May 28, 2013

  • Co-organizes workshop on Repowering Myanmar for the Ministry of Electric Power in Nay Pyi Taw
  • Potential distributorship with two local companies to deliver sustainable lighting solutions for the local market and power solutions for the telecommunications industry
  • Local talent focus for GE team in Myanmar

Yangon, Myanmar, May 23, 2013 -- General Electric (GE) signed today in Yangon a memorandum of understanding with Lighting Co Specialist Pte Ltd, a franchisee of Krislite Pte Ltd (Singapore), to explore the distribution of GE lighting solutions in the country. GE's lighting solutions include LED lighting for signages, architectural lighting, transportation lighting, display and general lighting. GE manufactures lighting for aircraft and the transportation industry, medical lighting as well as entertainment and theatre lighting as well.

GE also signed a letter of intention with Partners Associates, a local integrated technology solutions provider, to market GE's Durathon storage solutions for the local telecommunications industry to help reduce dependence one expensive diesel fuel and improve mobile connectivity. Unreliable electrical grids, rising fuel expenses, increasing maintenance costs and mounting pressure to reduce generator emissions have prompted mobile telecom operators to seek out better energy storage solutions.

Kyaw Moe Naing, Managing Director of Krislite and Wunna Tun, CEO & President of Partner Associates International Ltd Co signed on behalf of their companies. Stuart Dean represented GE.

Stuart Dean, CEO GE ASEAN, said today, "Myanmar is one of the fastest growing economies for GE in ASEAN. As the country continues to progress in its reforms, we look forward to increase our contributions to help meet Myanmar's urgent electricity, healthcare and transportation needs and support the country's future. We have been here since last year when sanctions were lifted. Our entry into the local market has been an encouraging journey to help the country develop its infrastructure. We have made significant progress in our healthcare business with the private and public sectors and in power generation. Today's office opening reflects our commitment long-term to grow with Myanmar and partner with local corporates and government to solve the tough challenges faced in infrastructure development, healthcare, power generation and transportation."

"There is much to be achieved for the country and its people. GE has the technology and solutions to contribute to efforts planned to accelerate Myanmar's economic competitiveness. We see huge potential and are currently in discussion to deepen our local partnerships. We are also exploring opportunities to support community initiatives in training and healthcare. Another area of priority is local talent development and helping nurture future leaders to help the country," he added.

The signing ceremony follows GE's Myanmar office opening announcement yesterday. GE celebrates this occasion from May 22-23 in Nay Pyi Taw and Yangon with potential customers, partners and government representatives.

GE also co-organized on May 22, a workshop with Parami Energy, a local energy company, on how to optimize output from Myanmar power plants in an cost efficient manner, using GE aero-solutions. About 40 government officials attended the workshop. Myanmar is planning to add 500 megawatts of gas-based capacity as part of an initiative to double national electricity capacity by 2015. Currently, more than 20 percent of the country's installed capacity is natural gas-based power generation.

In Nay Pyi Taw, distinguished guests at the office opening ceremony were H.E. U Hla Tun, Union Minister, Ministry of President Office, H.E. U Khin Maung Soe, Minister of Electric Power, H.E. U Win Myint, Minister for Commerce, H.E. Dr Kan Zaw, Minister of National Planning and Economic Development, H.E. U Aye Myint Kyu, Union Minister for Ministry of Culture. Daw Aung San Suu Kyi, Chairperson of Pyitthu Hluttaw Rule of Law and Tranquility Committee, was also present.

GE in Myanmar is led by its Chief Country Representative Andrew Lee, who is of Myanmar origin and is well experienced in marketing and business development in Myanmar and the US. Besides its local team, GE appointed Sea Lion as its national distributor in healthcare in 2012.

GE is focused on deepening its local presence through local partnership or collaboration to develop innovative and customized solutions besides capacity building. Myanmar is GE's ninth country in ASEAN. GE has been in the region for over 100 years with revenue exceeding USD3 billion and orders of over USD4 billion. The company has a workforce of close to 7,500 employees in ASEAN.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at

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