VIENTIANE — Viet Nam and Laos today singed an agreement in the capital city of Vientiane to build two hydropower plants in provinces of Lao Attapeu and Sekong, which are located near the border of Laos and Viet Nam.
Bounthavi Sisouphanthong, deputy minister of Laos' Ministry of Planning and Investment, Vietnamese ambassador to Laos Ta Minh Chau, leaders of the two mentioned provinces and other high ranking officials of the two countries witnessed the signing the Sekong No 3 and Sekaman No 4 projects.
The Sekong No 3 project, invested by Song Da Group with US$278.5 million and a capacity of 205MW, is expected to be completed by 2015 and produce 804 million kWh per year.
Meanwhile, the Sekaman No 4 project, invested by Viet-Lao Joint Stock Hydro Power Company with investment of $128 million and a capacity of 80MW, is expected to be completed by 2016 and produce 316 million kWh per year.
Duong Khanh Toan, chairman of Song Da Group's member council, said the construction of the two projects suited the two countries' development policies by contributing to energy security, enhancing export turnover, developing social security and national border defence, as well as creating an investment environment in the region that would help develop the economies of the two provinces. — VNS