ID :
92546
Tue, 12/01/2009 - 16:13
Auther :
Shortlink :
https://oananews.org//node/92546
The shortlink copeid
Lao businesspeople invest in hydropower station in Xiengkhouang
(KPL) A group of Lao businesspeople are carrying out a feasibility study on a hydropower dam in Xiengkhouang province amid the shortage of power in many neighbouring countries.
ACE Consultant company reported this week that a group of Lao businessmen, who are involved in the Nam Pot Hydropower Dam Construction Project in Xiengkhouang, planned to construct a dam in Phasay district of this northern province.
The investors plans to export the electricity to neighbouring countries but they would reserve a portion of the generation for use in Xiengkhouang.
Mr Daovone Phachanthavong, Director of the ACE Consultant company, disclosed that the feasibility study would take 18 months and so its completion should be in 2011. If the government approves of this project in 2011, the investors would put in US$ 40 million to fund the building of a 30MW power plant, said Mr Daovone.
The signing ceremony of the Memorandum of Understanding (MOU) on carrying out the feasibility study was held on 26 November at the Ministry of Investment and Planning’s office in Vientiane.
ACE Consultant company reported this week that a group of Lao businessmen, who are involved in the Nam Pot Hydropower Dam Construction Project in Xiengkhouang, planned to construct a dam in Phasay district of this northern province.
The investors plans to export the electricity to neighbouring countries but they would reserve a portion of the generation for use in Xiengkhouang.
Mr Daovone Phachanthavong, Director of the ACE Consultant company, disclosed that the feasibility study would take 18 months and so its completion should be in 2011. If the government approves of this project in 2011, the investors would put in US$ 40 million to fund the building of a 30MW power plant, said Mr Daovone.
The signing ceremony of the Memorandum of Understanding (MOU) on carrying out the feasibility study was held on 26 November at the Ministry of Investment and Planning’s office in Vientiane.
