LAOS – ENERGY
Laos Electricity Corporation and Viet-Laos Power Joint Stock Company establish new company
Laos Electricity Corporation and Viet-Laos Power Joint Stock Company have inked a deal to establish a new company called Xekamam 1 Electricity Company Limited.
The agreement is designed to accelerate the Xekaman 1 hydroelectric power project and important investment cooperation between the two countries.
The 322 MW Xekaman 1 project is being built at a cost of $441m on the Xekaman River in Laos’ Attopu Province, and is due to go into operation in 2014.