PVN asks Laos to help speed up power projects

The Vietnam Oil and Gas Group (PVN) has asked Laos to double efforts to help it implement projects currently being underway in Laos.

PVN Director General Phung Dinh Thuc held a working session with Samane Vinhakhet, politburo member of the Lao People’s Revolutionary Party and Head of the Central Steering Board on Ideological, Theoretical and Cultural Affairs in Hanoi on December 26.

PVN urged Laos to apply special mechanism and incentive policies for hydro-electric power projects, especially the US$3 billion Luang Prabang plant that is of economic and political significance to both countries.

It proposed that the Lao government consider extending the build-operation-transfer period for the Luang Prabang hydro-electric power plant to 40 years and soon decide the price level for electricity generated by the plant as well as a power consumption plan in Laos.

PVN has been carrying out big projects in Laos, including the exploration and exploitation of oil and gas at Lots C, S, and Savannakhet, the mining of barite and plaster in Savannakhet province and copper in Siengkhoang and Huaphan provinces, and the Luang Prabang, Xekaman 1, 3 and 4, and Dac Y Mon hydro-electric power plants. – VOV

Tags: power projects

Posted by VBN on Dec 27 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