Much of Laos' FDI will go into turning the country into what it calls "a battery for the region", through a series of dams that will generate power for sale to its neighbours.
Major investors in Laos' hydropower and infrastructure industries include China's Sinohydro Corp and Datang International Power, Thailand's Banpu and Italian-Thai Development, and Vietnam's Song Da Group and Petrovietnam.
Companies from Western countries investing in Laos include Australia's Oxiana, French electricity group EDF, and London-listed Salamander Energy.
Laos currently has the capacity to produce 600 megawatts of hydropower, of which 200 megawatt are exported.
But Bouphavanh said the country has the potential to produce up to 28,000 megawatt of hydropower from the Mekong River and the 16 Mekong tributaries within Laos borders.
It has already commited to supply 7,000 megawatts to Thailand, 5,000 megawatts to Vietnam, and 1,500 megawatts to Cambodia by 2015, he added. read all from REUTERS
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