Vietnam to purchase power from Laos
VIENTIANE (Vientiane Times/ANN) -Electricity of Vietnam (EVN) has agreed to purchase power generated by various hydropower projects in Laos.
The Vietnamese company yesterday signed a Memorandum of Understanding (MOU) in Vientiane with local power producer Phongsubthavy Road, Bridge, Building,and Irrigation Construction Sole Co., Ltd.
President of the Lao company, Mr Phongsavath Senaphuan, and Chairman of EVN, Mr Duong Quang Thanh, signed the MOU in the presence of Prime Minister Thongloun Sisoulith and visiting Vietnamese Prime Minister Nguyen Xuan Phuc.
High-ranking officials from Laos and Vietnam witnessed the signing.
The MOU is one of 12 cooperation documents signed by Laos and Vietnam yesterday, being the successful outcomes of the 40th annual meeting of the Laos-Vietnam and Vietnam-Laos Cooperation Committees.
Prime Minister Nguyen Xuan Phuc was in Vientiane to co-chair the meeting with Prime Minister Thongloun.
Under the MOU, the Vietnamese state enterprise will purchase electricity generated by the Xekong A3 and Xekong B3 hydropower projects in Xekong province.
Power generated by the Namxam 1A, 1B, and Namxam 3, 3A hydropower projects in Huaphan province as well as electricity from the Nammo hydropower project in Xieng Khuang province will also be sold to EVN under the MOU.
On the same occasion, Phongsubthavy Road, Bridge, Building,and Irrigation Construction Sole Co., Ltd. signed an MOU with EVN on investment in the construction of a 500-1,000 kV transmission line connecting the northern provinces of Laos to the Vietnamese border.
Once it is operational, the transmission line will facilitate the export of 5,000MW of electricity generated by various power plants in Laos into Vietnam.
Under this joint project, the Lao company will build a transmission line in Laos while the Vietnamese company will install a power line in Vietnam.
Construction of the transmission line is expected to begin this month with completion slated for somewhere between 2020 and 2025.