Russia will help Laos build three hydropower plants in the south of the country to supply domestic demand and exports, the local newspaper Vientiane Times reported Friday.
Currently, the Region Oil Company of Russia is working on documents to sign with the Lao government and developers, said the newspaper.
The documents include a shareholder agreement, a project financing scheme, power purchase agreements (PPA), an operation and maintenance agreement, and concession agreement for the projects of three hydropower plants, namely Nam Kong 1 in Attapeu province, Xekong 4 and 5 in Xekong province.
The company has carried out all the necessary surveys and prepared drawings with approval from the Lao Ministry of Public Works and Transport. And the selection of contractors to carry out construction of the projects is also in process, said the Russian company Deputy General Director Vasily Morgun.
The three hydropower plants are estimated to cost more than 17.1 trillion kip (about two billion U.S. dollars) and have an installation capacity of 1,200 megawatts, said Morgun.
The three hydropower plants are expected to start energy generation in 2014, 2015, and 2016, respectively.
Source: Xinhua
From:english.people.com.cn
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