Vietnam, Laos sign agreement to establish electricity company

The Viet-Lao Power Joint Stock Company (VLPC) general director, Nguyen Thang Long, and the Electricite du Laos (EdL) director, Khammy Inthirat, signed an agreement to establish Xekaman 1 Electricity Co. Ltd on May 21.

The agreement is a step to accelerate the progress of Xekaman 1 hydrolelectric power project, which plays an important role in investment cooperation between Vietnam and Laos.

With a total investment of US$441 million, Xekaman 1 hydrolelectric power project is built on the Xekaman River in Atopu province, Laos and has a capacity of 322MW. Its above floor is Xekaman 1 Electricity Company and the low floor is Xekaman Xansay Company.

As scheduled, the two companies will be inaugurated in 2014 and supply over 1.2 billion KWh each year.

Tags: The Viet-Lao Power Joint Stock Company, Vietnam energy

Posted by VBN on May 24 2010. Filed under Energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry