No significant fallout from Laos woes

MFCB has built and now operates a 260MW run-of-river hydropower plant.Called the Don Sahong hydropower project, it is located on the Mekong river in southern Laos and is run by MFCB’s 80%-owned Don Sahong Power Co Ltd (DSPC). The group also has solar photovoltaic (PV) investment business activities there.

WITH a looming debt crunch, Laos is facing the risk of being the next in Asia to possibly default.

The country’s cash reserves have plummeted, according to wire reports and there is a serious shortage of fuel amid surging inflation – the same pressures that pushed Sri Lanka to default last month and which threatened Pakistan’s balance of payments.