New geothermal power to generate more than US$600 million a year for Laos

07/07/2022 14:44
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KPL (KPL) 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 the Lao PDR.
  • New geothermal power to generate more than US$600 million a year for Laos
  • (KPL) The Lao Development and Investment Co., Ltd. (LDIC), the Canadian GEIOS Company and the Wealth Power Group of Vietnam (WPC) have recently signed a joint venture agreement in Vietnam on a geothermal energy development project in the Lao PDR.
  • The project aims to supply 5,000 MW of electricity to Vietnam.
  •              Upon completion of the project, the Lao government will receive an annual dividend of at least US$ 613 million, from the sale of renewable energy.
  • The project is also expected to promote employment and poverty reduction in the Lao PDR.

 

 

 

 

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