Hongsa Power Plant 100% completed, Xayaboury Hydropower 70% Completed








Over 300 hydropower investment projects allowed this year


2015-08-10

 

Over 300 hydropower investment projects allowed this year

 

(KPL) This year through July, the Lao Government has allowed local and overseas companies to invest in 357 hydropower development projects with capacity generation expected to be 26,147 megawatts with 115,118 million kilowatts being generated per hour.

Local and central governments have signed memorandums of understanding with Lao and foreign private companies, aiming to achieve the government’s goal of having 45 more completed hydropower projects by the end of 2019. As a result, Laos will have 74 hydropower projects with total generation of approximately 10,000 megawatts per year and producing almost 50,000million kilowatts of electricity per hour by 2019.

This is considered a vital step in national development and will become the main supplies of electricity for export as well as move the country closer to its dream of becoming the battery of Asia in the future.

Earlier this year, at the 19th meeting of the Laos-Thailand Cooperation Committee in Vientiane Capital, the Thai government confirmed to purchase electricity from Laos according to the contract made with the Government of Laos, amounting to 7,000 megawatts for 25 years beginning in 2016.

Presently, there are 29 dams producing electricity and another 45 under construction. Feasibility studies on social and environmental impacts are being conducted on more than 300 other hydropower projects.

The results of studies have so far determined that Laos will generate about 28,000 to 30,000 megawatts of electricity if the additional hydropower projects are constructed.  These will produce positive results in Laos and reduce poverty among people living in rural areas.

The Ministry of Energy and Mines has the ambitious plan of increasing electricity generation from the current 3,200 megawatts to at least 12,500 megawatts by 2020.