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State-owned corporation of Laos Electricite du Laos ("EDL") will work with XJ Group Corporation and Asia International Import-Export Company after reaching an agreement on tariffs for the planned Don Isom-Tadsomphamit hydropower project ("Project") in Champassak province, Laos. The Memorandum of Understanding ("MOU") in relation to the Project was signed by, amongst others, EDL Managing Director SisavathThiravong and XJ Group Corporation Deputy General Manager Cheng Limin. Speaking during the signing ceremony, Mr Limin said that the signing of the MOU by the parties concerned was the first step towards the completion of the project.
The proposed dam is located in Khong district, Champassak province. Construction is expected to take two or three years at an estimated cost of US$28 million. The dam will have an installed capacity of 10MW, and will be capable of producing 32.4 gigawatt hours per annum. The electricity generated by the project will be connected to the grid by a 22 kV transmission line, with the power to be purchased by EDL for a period of 30 years.
Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only
intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.
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Rajah & Tann (Laos) Co., LtdAnou Village, Samsenthai Road, Unit 17, Chanthabouly District, Vientiane Capital, Lao PDR. http://la.rajahtannasia.com
Contacts: Khanti SyackhaphomLegal AdvisorD +856 21 454 239F +856 21 285 261khanti.syackhaphom@rajahtann.comDesmond WeeDirectorD +65 62320474desmond.wee@rajahtann.comRajah & Tann Asia is a network of legal practices based in Asia. | Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client. | This update is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this update. |
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