October 13, 2007, Lao Government and Vietnam Petrolimex Power Company signed the memorandum of this hydropower project with the planned capacity of 1,410 MW in the mainstream of Mekong River in Luang Prabang province.
Vietnam Petrolimex Power Company, Da River Corporation, The Electricity of Vietnam, Vietnam Machinery Installation Corporation, Vietnam Investment and Development Bank and An Binh Commercial Joint Stock Bank have signed an agreement on Investment Cooperation to implement the project.
Luan Prabang hydropower project which has the total investment of about USD 2 billion and power output of 7-8 billion kWh/year is invested in BOT contract method, consumes power electricity in Laos and transmits to Vietnam.
According to the Contract, Power Construction Consulting Company No.1 will investigate the topography, geology and hydrology, evaluates the reservoirs’ mineral resources, and do research on earthquake and some other specialities. The progress rate of investigation in the field will begin in December 2007 and finish in April 2008.
Thanh Mai