Vietnamese firms to build 2 hydroelectric projects in Southern Laos

Vietnam's Song Da Group and Viet-Laos Electricity Joint-Stock Company will build Sekong 3 and Sekaman 4 hydroelectricity projects in Laos.

A representative from the Lao Government and Song Da Group and Viet-Laos Electricity Joint-Stock Company signed teh agreement for the projects.

The Sekong 3 hydroelectricity project, worth US $278.5 million, with Song Da Group as the project holder, will be capable of generating around 804 million kWh a year for 25 years beginning in 2015 under a concessionary agreement.

Meanwhile, the Sekaman 4 hydroelectricity project, at a cost of US$128 million, with Viet-Laos Electricity Joint-Stock Company as its project holder, is expected to generate an average of 316 million kWh per year for 25 years from 2016 under a concessionary agreement.

The projects will contribute to ensuring energy security in Laos and Vietnam and boost export turnover between the two countries, supporting social welfare development and regional border defence and security.

Bounthavi Sisouphanthong, Lao Deputy Minister of Planning and Investment, is looking forward for the two Vietnamese companies to put up the two plants into operation soon, further promoting the two countries’ investment.

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