The opening ceremony of the 500 KV power station and transmission line from Laos to Cambodia took place in Champasack’s Khong district on Tuesday.
Electricite Du Laos holds 30 percent shares in the project while Yunnan Energy Investment Company (YEIG Investment (HK) Co., Ltd) owns a majority of 70 percent of shares.
A 200-km long transmission corridor worth USD 150 million will also be part of the project.
The ceremony saw participation from Deputy Minister of the Ministry of Energy and Mines, Mr. Thongphat Inthavong, and Deputy Head of the Office of the Prime Minister, Mr. Khamlavanh Chanthalavanh, both directors of Electricite Du Laos and YEIG Investment, as well as officials from Champasack and Attapeu province.
Mr. Thongphat spoke at the ceremony about the expansion of Laos’ energy sector, particularly its ability to supply sufficient electricity to the people of the country and to neighboring nations, as well as the significance of the 500 KV power transmission line project for Laos’s socioeconomic development and domestic development.
According to the report, this is Laos’ first concession project (BOT model) as a result of Yunnan Energy Investment (HK) Co., Limited’s investment in Champasack’s Khong and Pathoumphone districts, as well as Attapeu’s Sanamxay and Phouvong districts.
This achievement has allowed Electricite Du Laos to transfer power to Cambodia on time, which is one of the most important strategies for the long-term growth of the energy business in Laos.