ADB: Hydropower project in Laos secures $217m loan

Hydropower project in Laos secures $217m loan

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Infrastructure & Generation | Aug 24, 2014

Click on the link to get more news and video from original source: http://www.energylivenews.com/2014/08/24/hydropower-project-in-laos-secures-217m-loan/

Copyright: Thinkstock

The Asian Development Bank (ADB) has approved funding worth $217 million for a 290MW hydropower project in the Lao People’s Democratic Republic (Lao PDR).

The bulk of the electricity generated by Nam Ngiep 1 will be delivered to neighbouring Thailand, which relies heavily on natural gas. The project is expected to cut around 500,000 tons of carbon emissions in Thailand every year.

The Lao PDR has a hydropower potential of 20,000MW, according to the ADB.

Kurumi Fukaya, Lead Investment Specialist at ADB’s Private Sector Operations Department said: “The project is a win-win for the Lao PDR and Thailand. It will generate revenues for the Lao PDR’s economic and social development and provide Thailand with cost-efficient power.”

The facility is expected to start producing electricity in 2019.

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World Bank supports hydropower sector in Laos

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Aug 20, 2014

Click on the link to get more news and video from original source:  http://www.energylivenews.com/2014/08/20/world-bank-supports-hydropower-sector-in-laos/

Vientiane, capital of Laos. Copyright: Thinkstock
Vientiane, capital of Laos. Copyright: Thinkstock

The World Bank is supporting the renewable energy industry in Laos by providing a multi-million pound loan.

It has signed an agreement with the Government of Loa People’s Democratic Republic (PDR) for new financing worth $17.8 million (£10.7m) to help the nation manage its hydropower and mining resources.

The cash will be used for the ‘Technical Assistance for Capacity Building in the Hydropower and Mining Sectors Project’ in Laos, which is expected to help the nation meet the power and hydro demands of its neighbouring countries.

Thipphakone Chanthavongsa, Vice Minister of Finance of the Lao PDR said: “The projects will contribute to the socioeconomic development and environmental sustainability of Lao PDR.”

 

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