EDL to buy electricity from Nam Neun 1 hydro plant
EDL to buy electricity from Nam Neun 1 hydro plant
Electricite du Laos (EDL) has agreed to buy electricity from the Nam Neun 1 hydropower plant to augment its domestic energy supply.
The Nam Neun 1 hydropower plant will be built in Xieng Khuang province and will have an installed capacity of 124 MW with a production capacity of 570 GWh annually.
The developers expect construction to start this year with electricity generation to begin by 2022. The cost of construction is expected to be more than US$300 million.
A Tariff Memorandum of Understanding was signed in Vientiane on Saturday by EDL Deputy Managing Director Mr Bounma Manivong and the project developers. They comprised the President of Vangsub Development and Investment Co., Ltd., Ms Viengvanh Phommaly, President of the THB Group Sole Co., Ltd., Mr Tong Homsombath, and Director of the Khongsab Road-Bridge and Architect Sole Construction Company, Mr Sounthone Sabandith.
The ceremony was attended by the Minister of Energy and Mines, Dr Khammany Inthirath, Minister of Science and Technology, Prof. Dr Boviengkham Vongdara, representatives from the ministries of Public Works and Transport, Finance, and Natural Resources and Environment, and the Prime Minister's Office, along with senior government officials, and EDL and company staff.
The developers say the project will create job opportunities for local people and provide infrastructure such as roads, schools, clean water, a hospital and electricity that will benefit the provinces of Xieng Khuang, Luang Prabang and Huaphan.
It will also generate more revenue for government coffers for use in the country's social and economic development.
The developers believe the support and cooperation between the government and development partners will result in minimal environmental impacts through the use of advanced technology, as well as the project targets being achieved.
