(KPL) The construction of a 120 KW- Nam Ngum 5 Hydropower plant started at the end of last month.
Present at the opening ceremony of Nam Ngum 5 construction on 28 April were Deputy Minister of Energy and Mining Mr. Somboune Latsasombath, Minister of Foreign Affairs Dr Thongloun Sisoulith, President of Sino Hydro Co., (China) and relevant officials.
Nam Ngum 5 is located at Phoukhoune district, Luang Prabang province. The project costs US$200 million, a joint venture investment between Chinese investor and Electricite du Lao. The project is on a basis of Build-Operate-Transfer (BOT). After completing the plant will operate privately for 25 years before transferring to the government of Laos.
Chinese investor holds 85% of the total shares of the investment project and the Lao government takes the rest.
Nam Ngum 5 Hydropower plant construction is scheduled for completing in 2011. The plant is projected to generate 507 GWH annually.
Although the construction was officially launched last month, roads accessing the dam and diversion tunnel of the dam have been constructed and dug months ago.
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