(KPL) Laos is ramping up preparations for the construction of 29 new power plants in order to reach a target of exporting 8,000 MW of electricity by 2020.
Energy and mining has been identified by the Lao government as one of the key industries of the nation’s large socio-economic development programmes. So far, more than 130 companies have been granted licences to develop 200 electricity generating projects.
At the Greater Mekong Subregion’s third summit held late last week in Vientiane , Lao Prime Minister Bouasone Bouphavanh reiterated government policies of giving priorities to developing hydro-power plants in particular and the energy and mining industry in general.
Citing government sources, local media said the government will continue to revise laws and regulations on energy and mining to make them aligned with regional and international standards as well as more favourable for both domestic and foreign investors.
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