VIENTIANE: China and its tiny southern neighbor Laos on Saturday
signed a Memorandum of Understanding to build a hydropower plant in
Laoss Pakngum district.
China National Electronics Import-Export Corporation will build the
Nam Ngum downstream hydropower project near the Laos capital
Vientiane.
Laos Deputy Minister of Planning and Investment, Thongmy Phommyxay and
chairman of the China Company Cong Ya Dong signed the agreement
representing both the sides.
The Chinese company will conduct a survey and feasibility study on the
development of the Nam Ngum downstream hydropower project for 18
months. In the case, that the project is economic and friendly to
environment and society the project will be constructed and operated
for 30 years.
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