Geothermal Power to Generate Over USD 600 Million Annually for Laos
The Lao Development and Investment Co., Ltd. (LDIC), the Canadian GEIOS Company and the Wealth Power Group of Vietnam (WPC) have recently signed a joint venture agreement in Vietnam on a geothermal energy development project in Laos. By signing a cooperation agreement on 23 June in Hue, Vietnam, Laos will be encouraged to build a geothermal power plant to provide 5,000 megawatts of electricity to Vietnam.
The Lao government will receive an annual dividend of at least USD 613 million from the sale of renewable energy once the project is completed.
Manyphone Vongphachanh