Vietnam: Credit capital provided for Lao hydro-power project

Vietnam: Credit capital provided for Lao hydro-power project. Check it out:

(Thai Press Reports Via Thomson Dialog NewsEdge) Section: Regional News - A credit contract to provide 1.14 trillion VND (71.6 million USD) to the construction of Xekaman 3 hydro-power plant in Laos was signed in Hanoi on Sept. 27 between the Vietnam-Lao Electricity Investment Development Joint-Stock Company and the Bank for Investment and Development of Vietnam.

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The 250 MW plant is expected to turn out 982 million kWh per year. Its construction is estimated to cost 4.26 trillion VND (266.2 million USD).

Once completed, about 90 percent of the plant's electricity will be transmitted to Vietnam, and the remainder, to Laos.

This was an overseas investment project by a Vietnamese enterprise under the formula BOT (Build-Operate-Transfer), which was approved by the Prime Minister. - VNA

Copyright 2006 Thai Press Reports

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September 28, 2006 6:43 PM

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