Thursday, August 30, 2012

Vietnam to build power plants in Laos

Vietnam and Laos today singed an agreement in the capital city of Vientiane to build two hydropower plants in two southern Lao provinces.

Bounthavi Sisouphanthong, deputy minister of Laos' Ministry of Planning and Investment, Vietnamese ambassador to Laos Ta Minh Chau, leaders of the two mentioned provinces and other high ranking officials of the two countries witnessed the signing the Sekong No. 3 and Sekaman No. 4 projects in the provinces of Lao Attapeu and Sekong, which are located near the border of Laos and Vietnam.

The Sekong No. 3 project, invested by Song Da Group with US$278.5 million and a capacity of 205 megawatts, is expected to be completed by 2015 and produce 804 million kilowatt hours per year.

Meanwhile, the Sekaman No. 4 project, invested by Viet-Lao Joint Stock Hydro Power Company with investment of $128 million and a capacity of 80 megawatts, is expected to be completed by 2016 and produce 316 million kilowatt hours per year.

Duong Khanh Toan, president of Song Da Group's member council, says the construction of the two projects suits the two countries' development policies by contributing to energy security, enhancing export turnover, developing social security and national border defence, as well as creating an investment environment in the region that develops the economies of the two provinces.-Asia News Network (August 29, 2012)

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