Laos: Two companies join hands to develop Nam Boun II hydropower plant

Laos: Two companies join hands to develop Nam Boun II hydropower plant

The Khamphan Engineering Company and Chitchaleun Construction Company (CCRC)
have signed a joint venture agreement to continue conducting a study and
surveying for construction of the Nam Boun II hydropower plant in Bounneau
district, Phongsaly Province.

The Nam Boun II hydropower plant, with installed capacity of 15 MW, is an
investment of about 267 billion kip (US$33 million). The construction work
is expected to be completed in about 30 months.

Forty per cent of the shares will be held by the Khamphan Engineering
Company and 60 per cent by CCRC. Once construction is complete, all
electricity generated by the dam will be purchased by Electricite du Laos.

The signing ceremony for the joint venture was held in Vientiane Capital on
Sept 20 between Director General of the Khamphan Engineering Company, Mr
Khamphan Chittavong and Assistant President of the CCRC, Mr Vet Malavong in
the witness of relevant officials of both sides.

Nam Boun II hydro power plant will contribute to the development of
infrastructure in the local area, promote commercial production, and improve
the living standards of local people.

It will also contribute to the government's national socio-economic
development plan to graduate the country from Least Developed Country status
by 2020.

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Ref: http://kpl.gov.la/En/Detail.aspx?id=17408

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com