Petrovietnam plans $1.7 bln power plant in Laos
Wed Oct 17, 2007 5:28am BST
http://uk.reuters.com/article/oilRpt/idUKHAN24523920071017
HANOI, Oct 17 (Reuters) - State oil group Petrovietnam has signed an agreement with Laos to invest $1.7 billion in a hydro power plant in Luang Prabang, company officials said on Wednesday.
The 1,410-megawatt (MW) power plant will be under build-operate-transfer investment terms, they said, but declined to provide a timeline for the construction of the project.
A host of Vietnamese companies have sought to build hydro power plants in the neighbouring country to export electricity to meet soaring demand in Vietnam.
Contract on survey to build Laos power plant signed
VNA 03/12/2007
Ha Noi (VNA) A contract to survey the area for a hydro-power plant in Laos was signed in Ha Noi on December 3.
The proposed 1.410 MW power plant is slated to be built on the Mekong River in Luang Prabang province and is expected to have the capacity to supply 7-8 billion kWh to supply Laos and Viet Nam .
Under the contract, the Electricity Construction Consultancy Company No. 1 will begin surveying the terrain, geology, and hydrograph of the proposed project site. The survey is expected to be completed in April 2008.
The contract was inked between the Viet Nam Oil and Gas Electricity Corporation and the Electricity Construction Consultancy Company No. 1.
The project has an investment capital of 2 billion USD, contributed by Vietnamese groups and enterprises, including the Viet Nam Oil and Gas Electricity Corporation, The Da River Corporation, the Electricity of Viet Nam, the Viet Nam Machinery Installation Corporation, the Bank for Investment and Development of Viet Nam, and the An Binh Commercial Joint Stock Bank.
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