Vietnam: US$71.6 million credit contract for Lao hydro-electric power project
September 28, 2006
Vietnam: US$71.6 million credit contract for Lao hydro-electric power project. Check it out:(Thai Press Reports Via Thomson Dialog NewsEdge) Section: Regional News - A credit contract to provide US$71.6 million for the construction of Xekaman 3 hydro-electric power plant in Laos was signed in Hanoi on September 27 between the Vietnam-Lao Electricity Investment Development Joint-Stock Company and the Bank for Investment and Development of Vietnam.
The 250 MW plant is expected to turn out 982 million kWh per year. Its construction is estimated to cost VND 4.26 trillion (US$266.2 million).
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. - VOV
Copyright 2006 Thai Press Reports
Related Tags: electric power, credit contract, hydro electric, million, Vietnam, vietnam
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