EVN and Phongsubthavy Group sign PPAs for Nam San hydropower projects
EVN and Phongsubthavy Group sign PPAs for Nam San hydropower projects
The signing ceremony of the power purchase agreements (PPA) of Nam San 3A (69MW) and Nam San 3B (45MW) hydropower plant projects between Electricity of Vietnam (EVN) and Phongsubthavy Group took place on January 4, 2020, in the framework of the 42nd Vietnam-Laos Intergovernmental Committee.The signing ceremony of the PPA between EVN and Phongsubthavy Group of Laos, under the witness of Vietnam’s Prime Minister Nguyen Xuan Phuc and Lao PDR’s Prime Minister Thongloun Sisoulith
The signing ceremony for the two hydropower project was witnessed by Vietnam’s Prime Minister Nguyen Xuan Phuc and the Laos PDR’s Prime Minister Thongloun Sisoulith.Nam San 3A and Nam San 3B hydropower plants operate with the total installed capacity of 114MW and annual average electricity output of 364 million kWh/year for Nam San 3A, and 232 million kWh/ year for Nam San 3B. These are two out of 11 hydropower plants under Nam Mo Group's hydropower plant projects being developed by Phongsubthavy Group in order to sell electricity to Vietnam through a 220kV transmission line which will be co-invested by Phongsubthavy Group for the section in Lao territory and EVN for the section in Vietnamese territory. The transmission line will be scheduled to complete in 2022.
Earlier, in February 2019, the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy and Mines completed the negotiations and signed the agreement on co-operation in the development of electricity and mine projects during the official visit of the General Secretary, President Nguyen Phu Trong.
On June 24, 2019, Phongsubthavy Group, the first power plant developer in Laos, signed the PPA with EVN for the Nam Sum 3 hydropower project located in Houaphan province, Laos, with the total capacity of 156MW, providing 626 million kWh per year.
Importing electricity from neighbouring countries, including Laos, is one of the immediate measures taken to help Vietnam meet the electricity demand for socio-economic development.
