VN to build three new hydro-power plants in Laos

VGP – The EVN International Joint-stock Company and the Bắc Hà investment Joint-stock Company, one of shareholders of the Electricity of Việt Nam (EVN), will invest in three hydro-electric power projects having the total designed capacity of 420 MW in Laos’ northern province of Houaphan.

January 02, 2009 4:10 PM GMT+7

The signing ceremony of the projects

The Director of the EVN International Joint-stock Company and Lao Deputy Minister of Planning and Investment Thoongmy Phomvisay have signed a memorandum of understanding on the projects.

Accordingly, the two Vietnamese companies will be investors of three hydro-electricity projects Namen 1, 2 and 3.

To obtain investment licenses, they are required to survey and make economic-technical verifications which must be submitted to the Lao Government.

Together with a 1,400 MW hydro-electric power plant invested by PetroVietnam in Luang Prabang, these three projects in Houaphan are a vivid evidence of the bilateral commitment of Việt Nam and Laos to cooperate in energy field.

By Ngọc Vân