The ministry has approved the company’s techno-economic proposal that include increasing the proposed plant’s installed capacity from 35MW to 41MW.
The company has attributed the revised proposal of increasing the capacity to hydrological and power potential optimization studies conducted by its Vientiane office and international experts.
The company, which has received pre-concession in March 2011, expects to begin construction on the project in 2015 and the concession duration is 30 years including construction, the company claims.
To be built with an investment of $70m, the project’s scope will include finalizing the negotiations of the project development agreement with the government as well as the electricity tariff with Lao Electricity Utility (EDL).
The approval in Lao PDR will support the company’s strategy to develop and exploit hydroelectric assets in high potential countries.
