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Wednesday, April 23, 2008

Chinese studies Sepon III Hydropower Project

(KPL) A memorandum of understanding on Sepon III Hydropower Project was signed here on Monday by the Lao government and the Chinese National Machinery and Equipment Import and Export Co-operation (CMEC).
It is expected that the project will have its hydropower plant built in Samouy district, Saravan province, which is part of Government's development plan to produce electricity for export to neighbouring countries.
Signatories to the MOU were Deputy Minister of Investment and Planing Mr. Thongmy Phomvisay, Head of Energy Development and Promotion Department of Energy and Mining Mr. Saypaseuth Patsoupha, Deputy President of CMEC Mr. Jin Chun Sheng and Director of CMEC Mr. Guo Ying Xin in the presence of Governor of Saravan province and relevant officials of both sides.
The MOU says Lao government has allowed CMEC to conduct a feasibility study on the possibility of the project within 18 months after signing.
If the study shows the project is economically beneficial and environment friendly, the Sepon III Hydropower Project will be developed in 30 year-concession through Build-Own-Transfer (BOT) procedure.


Philip said...

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Anonymous said...

Very good info. Would like to know more about the project as it develops. Thanks :)