VIENTIANE (Vientiane Times/Asia News Network): The Energy Valley Enterprise Development Institute, Gwangju Technopark, Jeonnam Technopark and International Culture Industry Association and the South Korea-Laos Industrial and Cultural Exchange of South Korea will partner with the Lao government to develop the energy sector in Laos.
The four parties will explore areas of mutual interest and invest in energy-related projects as a Lao agency on projects for technology transfer, commercialisation and marketing through entry into Laos by enterprises based in Korea’s Gwangju Metropolitan City and Jeollanam-do province.
An agreement on the partnership was signed by the four parties in the presence of senior officials from South Korea and Laos’ Ministry of Energy and Mines.
Under the agreement, the parties will implement the agreed areas of cooperation through joint participation in research projects and the content of the collaborative programme, and promote the sharing of information relating to new technologies and technology transfer.
An official from the Ministry of Energy and Mines said the ministry has devised a strategic framework to develop the electricity industry to ensure adequate power is produced for consumption in Laos and for export.
“We are pleased with the energy cooperation between Laos and South Korea, especially between EDL and Korean energy and electrical companies,” he said.
Lao and South Korean energy companies are conducting a feasibility study on the construction and upgrade of conventional substations to gas-insulated substations.
The first South Korea-Laos Energy Week took place at Muongthanh Hotel in Vientiane on Oct 4-5.