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Wednesday, March 3, 2010

Local company invests in dam construction in Borikhamsay

(KPL) A local construction company `Phongsubthavy` will conduct a feasibility study to invest in a new hydropower dam of Nam Nguiep in Mai district, central province of Borikhamsay.

A feasibility study of the construction of Nam Nguiep new hydropower dam, in Somsinh village, will be run for 18 months after signing a Memorandum of Understanding on study of economic and technical analysis and environment impact.

The signing ceremony held in Vientiane Capital, 25 February between Deputy Minister of Planning and Investment Thongmy Phommisay and Director of Phongsubthavy Road and Bridge Construction Company Phongsavath Phengsikeo. If the study completes, the Nam Nguiep hydropower plant with the generation capacity of 200 million kilowatts yearly or equivalent to one fifth of Nam Ngum dam 1 will be constructed.

The dam will be built about 25 metre high and 260 metre long and a 40 megawatts of turbine engine will also equipped with.

The initiative investment cost US$60 million will be the sole investment of Myanmar company.

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