Laos to Build US$2bn Wind Power Project for Domestic Supply & Export

The Laos Government and relevant energy companies plan to spend over US$2 billion to establish a wind power project in Sepon district of Savannakhet province for domestic supply and exporting to Vietnam.

The Laos government and two private firms—Savan Vayu Renewable Company and LTM Lao Company —have recently signed an MoU to examine the possibility of wind power projects in the region, reported Vietnam Plus.

With the estimated construction cost of US$2.15 billion, the wind power factory will have a capacity of 1,200 megawatts upon its completion by the end of 2025.

The signing of the MoU is part of a cooperation plan with Vietnam in the energy sector which was put into place in 2016.

- Video Advertisement -

Related Post

Kambol District Celebrates the Launch of USD 1.4 Million Boeung Thom Water Treatment Plant

In a transformative move to improve access to clean water for Phnom Penh residents, the Cambodian government has inaugurated the Boeung Thom Water Treatment Plant, a USD 1.4 million investment aimed at serving over 3,000 families in the Kambol District. The inauguration ceremony, held on 16 December 2024, was officiated by HE Hem Vandy, Minister […]

Groundbreaking Ceremony for Mekong Key City in Areyaksat Marks a New Era in Cambodian Urban Development

The Cambodian government has officially commenced construction on the ambitious Mekong Key City project, a transformative satellite city spanning over 200 hectares along the eastern bank of the Mekong River. The groundbreaking ceremony, held on 17 December 2024 and presided over by PM Hun Manet, signals the start of a development poised to redefine the […]

Fifty Korean Companies to Invest in Cambodia’s Priority Sectors, Boosting Bilateral Economic Ties

In a landmark development for Cambodia’s economic landscape, fifty companies from the Korean Industrial Confederation (KIAF) have expressed their intention to invest in the country’s priority sectors. This announcement followed a high-level meeting between Cambodian PM Hun Manet and KIAF chairman Marn-Ki Jeong, held on 13 December 2024. The visit was part of a broader […]

Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects

Sihanoukville’s economic transformation is gaining momentum with the Cambodian government approving 48 new investment projects worth USD 487 million. These initiatives, announced by the Investment Promotion Working Group on 3 December 2024, are set to receive special incentives to stimulate local economic growth and business development. The projects comprise 16 initiatives aimed at repurposing stalled […]

Phnom Penh’s New University of Health Sciences Hospital: A Vision for Modern Healthcare Begins Construction

In a landmark development for Cambodia’s healthcare sector, the construction of the University of Health Sciences Hospital has officially commenced, backed by a substantial USD 67 million loan from South Korea. The groundbreaking ceremony, led by PM Hun Manet on 10 December 2024, marks a pivotal moment in enhancing medical services within the nation. Strategically located along the scenic Phnom […]

Philippines Unveils USD 4 Billion Terra Solar Project, World’s Largest Solar Storage Facility

The Philippines has officially inaugurated the world’s largest solar storage facility, the Terra Solar Project, spanning 3,500 hectares with a total investment of USD 4 billion. The project is set to deliver a photovoltaic capacity of 3,500 megawatts (MW) alongside a 4,500 megawatt-hour (MWh) battery storage system, powering 2.4 million households and cutting carbon emissions […]