(KPL) The Ministry of Energy and Mines will implement an incentive plan to reduce the price of electricity used for the production of agriculture if the Ministry of Agriculture and Forestry provides correct numbers of agricultural production units.
Nam Mang 3 Hydropower plant
(KPL) The Ministry of Energy and Mines will implement an incentive plan to reduce the price of electricity used for the production of agriculture if the Ministry of Agriculture and Forestry provides correct numbers of agricultural produce units.
In recent years, the Energy and Mines Sector has consistently contributed to the improvement of basic infrastructure for socio-economic development and poverty reduction, Mr Thongphat Inthavong, the Deputy Minister of Energy and Mines said last week.
Currently, there are 48 electricity-generating sources with production capacity of 6,300 MW that provide 92 per cent of total families across the country with access to electricity.
By 2020, it is expected that there will be 90 electricity-generating sources with production capacity of 12,500 MW and about 95 percent of total families are expected to have access to electricity.
Currently, the Ministry of Energy and Mines is promoting a public campaign focusing on energy security, sustainably supplying energy, conserving energy, and developing renewable energy in an environmentally friendly manner.
The current implementation of the policy regarding power price and power market reform aims to promote competitiveness as well as encourage the private sector to take part in the development of electricity in order to reduce the price in the future.
Currently, the price of electricity charged for the production of agriculture, particularly for irrigation, is 448 kip per kilowatt/h for medium voltage and 526 kip per kilowatt/h for low voltage. These prices are lower than those charged to other sectors.