Vietnam approves investment in four Laos hydro projects

Vietnam Deputy Prime Minister Nguyen Sinh Hung has approved plans by Electricity of Vietnam (EVN) to invest in four Laotian hydroelectric projects totaling 500 MW.

State-owned Vietnam News Agency (VNA) said Deputy Minister of Planning and Investment Truong Van Doan has contacted the Laotian government requesting favorable conditions for EVN to construct the 140-MW Namet 1, 170-MW Namet 2, 110-MW Namet 3, and 80-MW Nam Kong 2 projects.

Hydropower builder Cavico Corp. recently announced it won approval to invest US$120 million in Nam Kong 2, which Cavico is to build in partnership with EVN in Laos’ Attapeu Province, 30 miles from the Vietnam border. (HNN 4/23/08)

VNA said Laos is advancing preparations for construction of 29 new power plants in order to reach a target of exporting 8,000 MW by 2020. (HNN 11/23/07) So far, more than 130 companies have been granted licenses to develop 200 electricity generating projects. Laos has pledged to give priority to developing hydropower plants in particular.

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