(KPL) Villagers of Phasanin, Sieng-ngeun district, Luang Prabang province, are looking forward to electricity in the near future after a 703-million-kip contract on power grid installation for the village was signed in Luang Prabang on Tuesday.
The signatories to the document were Mr. Bountham Senphansily, Head of the Electricite du Laos (EDL) in the northern province of Luang Prabang and Mr. Fa Khai Song, Chief of Phasanin village.
The event was witnessed by Mr. Somdy Douangpaseuth, Chief of Siengngeun district and officials of parties concerned.
The project of basic infrastructure development will be conducted in two phases. The first one is the installation of power meters for the local households. This work is expected to take 30 days after the signing of the contract.
The second phase is for the installation of a 7.4 km long medium voltage power line, and a 1.7 km long low voltage power line, and two transformers.
Each household will pay 800,000 kip to the EDL after the power meter is installed.
According to the contract, the EDL will be responsible for over 461 million kip of the investment and villagers for 242 million kip.
The contract also notes that the repayment will be done on four instalments.
The first one in September this year, the second to fourth in March, June and September of 2011, respectively. On each instalment, the payment will amount to 60.5 million kip.
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