PM Nguyen Xuan Phuc and his Lao counterpart Thongloun Sisoulith witness the signing of MoU on hydropower plant development. (Photo: VNA)Hanoi (VNA) – Vietnam Electricity (EVN) on December 6 signedvarious Memoranda of Understanding (MoU) with investors of power projects inLaos to develop and purchase electricity from the neighbouring country in thetime ahead.
The signing of the deals took place on the occasion of the 43rd meeting of the Vietnam-Laos Inter-Governmental Committee on bilateralcooperation.
In the deals with Phongsubthavy Group, EVN will cooperate to develop 84 MW NamYeuang hydropower project, which will sell electricity to Vietnam from2024-2025, and develop 300 MW Nam Phan coal-fired thermal power plant, which isexpected to export power to Vietnam from 2025.
Besides, EVN will work with Kong Sup Hydro Development of Nam Neun 1 and NamNeun 3 to develop 124 MW Nam Neun 1 hydropower plant, which will sell power toVietnam from 2024-2025.
In the coming time, both sides will promote negotiations on power purchaseagreements in line with the Vietnamese Ministry of Industry and Trade’sguidelines.
The signing of the MoU on power plant development is a milestone in the friendshipbetween the two nations, especially in the field of energy.
Importing electricity from neighbouringcountries, including Laos, is one of the measures Vietnam has taken to meetelectricity demand for socio-economic development./.
VNA
