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.