Lao govt, investor ink concession deal to develop 124 MW hydropower project

Dr Sthabandith Insisiengmay (right) and Sounthone Sabandith shake hands after signing the agreement. - Photo: Vientiane Times/ANN

VIENTIANE: The Lao government on Wednesday (June 19) signed a concession agreement with an investor to develop a 124 MW hydropower project, boosting the country’s efforts to promote clean energy consumption and export to countries in the region.

The Deputy Minister of Planning and Investment, Dr Sthabandith Insisiengmay, and the Managing Director of Nam Neun 1 Hydropower Sole Co Ltd, Sounthone Sabandith, inked the deal in Vientiane to push forward the Nam Neun 1 Hydropower project in Xieng Khuang and Huaphan provinces.