Vietnam EVN To Build 4 Hydropower Plants In Laos
28-APR-2008 Intellasia | 25/Apr/2008 Dow Jones
Apr 28, 2008 - 6:59:00 AM
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State-owned Electricity of Vietnam Group, or EVN, plans to build four hydropower plants in Laos that will begin operations by 2015, a company executive said Friday.
The plants -Nam Et 1 with a generation capacity of 140 megawatts, Nam Et 2 with 170 MW, Nam Et 3 with 110 MW and Nam Kong with 60 MW -will be located in the central region of Laos, said the official with EVN's headquarters, declining to be named.
"EVN will build the plants and buy all the electricity, about 2 billion kilowatt hours a year, for use in Vietnam," he told Dow Jones Newswires.
He didn't give a timetable or financial details for the construction of the plants.
Under an agreement signed by the two governments, Vietnamese companies will invest in building hydropower plants with a total generation capacity of 3,000 MW to 5,000 MW by 2020, the official said.
Currently, Vietnamese companies are building the first plant, named Sekaman 3, with a capacity of 250 MW at a cost of US$273 million for operation by 2010. EVN has a stake in the project.
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