(KPL) A consortium of foreign companies will proceed with a hydropower plant on the fringe between Champassak and Attapeu provinces, following a two-year feasibility study.
The SK Engineering and Construction, Korea Western Power and Ratchaburi Electricity Generation Holding signed an agreement with the Ministry of Planning and Investment last week to develop the Xe Pien-Xe Namnoi hydropower plant project.
Under the agreement, the companies will spend another 18 months designing the plant, selecting an exact location and assessing the social and environmental impacts of the project.
The Lao government has established a committee to assess the project and decide whether to grant a concession agreement which would allow investors to begin the construction of the power plant, it said.
The power plant will have a generation capacity of 390 MW and will be able to produce about 1.776 Gwh annually. The project is expected to cost about 500 million USD.
If the project proceeds, the Lao government will hold a 24 percent share in the project and will take over the full ownership on the plant after 25 years.
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