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Friday, March 13, 2009

Laos, Thailand to boost power and energy cooperation

(KPL) Laos and Thailand have agreed to continued cooperation in power and energy affairs, although some projects need revision, according to acting Thai Government Spokesman Panithan Wattanayakorn.
Thailand News Agency quoted the spokesman as saying that the policy regarding power and energy affairs was discussed between Thai Prime Minister Abhisit Vejjajiva and Lao Deputy Prime Minister Somsavat Lengsavad, with both parties sharing the view that cooperation should continue, and expand.
Currently five projects are covered by agreements, he said, including the purchase and sale of electrical power from hydroelectric power stations at dams in Laos will be revised as some contracts are due to expire, and others will be unchanged.
The spokesman added that construction and labour costs, as well as the demand for power, had changed along with changing global economic conditions, making it necessary for the governments of both countries to review the terms and conditions of contracts thoroughly before the contracts are renewed.It is expected the terms of the project revisions would be completed before the Lao prime minister officially visits Thailand in May, he said./.

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