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Vietnamese company eyes developing wind farm in Laos

Vietnam’s Quang Binh AMI Renewables Investment Joint Stocks Company and the Government of Laos on December 8 signed a Memorandum of Understanding (MoU) on a feasibility study on a wind farm development project in Laos’ Savannakhet province.
Vietnamese company eyes developing wind farm in Laos ảnh 1

Nguyen Nam Thang, Chairman of the Board of Directors of Quang Binh AMI Renewables Investment Joint Stock Company (left) and Sathabandith Inseexiengmai, Laos’ Deputy Minister of Planning and Investment signed the MoU. (Photo: VNA)

Vientiane (VNA) – Vietnam’s Quang Binh AMI Renewables Investment Joint Stock Company andthe Government of Laos on December 8 signed a Memorandum of Understanding (MoU) on a feasibility study on a wind farm development project in Laos’Savannakhet province.

Under the 24-month MoU, in the first stage, the company willconduct a feasibility study on a 252 MW wind farm project in an area ofnearly 2,700 ha in the province’s Sepon district.

If the Savannakhet province approves more land for the project, the company will studyto increase the capacity of the wind farm to 1,215 MW.

After the MoU’svalidity, if the project is feasible in terms of finance and markets, meeting Laos'technical standards on electricity, the Lao Government will allow the companyto implement and operate the project in the build-own-operate (BOO) form.

The project is part of theLao Government's development goal to produce electricity./.

VNA
#Vietnam Plus #Vietnam News Agencies #Laos #wind farm #Quang Binh AMI Renewables Investment Joint Stocks Company
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