Lao govt approves over 300 hydropower investment projects this year
Local and central governments have signed memorandums of understanding with Lao and foreign private companies, aiming to achieve the government’s goal of having 45 more completed hydropower projects by the end of 2019.
As a result, Laos will have 74 hydropower projects with total generation of approximately 10,000 megawatts per year and producing almost 50,000 million kilowatts of electricity per hour by 2019.
This is considered a vital step in national development and will become the main supplies of electricity for export as well as move the country closer to its dream of becoming the battery of Asia in the future.
Earlier this year, at the 19th meeting of the Laos-Thailand Cooperation Committee in Vientiane, the Thai government confirmed to purchase electricity from Laos according to the contract made with the government of Laos, amounting to 7,000 megawatts for 25 years beginning in 2016.
Presently, there are 29 dams producing electricity and another 45 under construction. Feasibility studies on social and environmental impacts are being conducted on more than 300 other hydropower projects.
The Ministry of Energy and Mines has the ambitious plan of increasing electricity generation from the current 3,200 megawatts to at least 12,500 megawatts by 2020.
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