KOICA grants US$11 million for Nam Ngum River basin project
The Korea International Cooperation Agency (KOICA) has agreed to provide a grant of US$11 million for a project to establish an effective water resources management system and enhance disaster response capabilities for the Nam Ngum River basin.
According to the KOICA Office in Laos, the project will run from 2020-2025.
A record of discussion was signed on Monday by Resident Representative of KOICA Office in Laos, Mrs Jeonghee Im; Director General of Energy Department at Ministry of Energy and Mines, Mr Bouathep Malaytham and Director General of Planning and Finance Department at Ministry of Natural Resources and Environment, Mr Phouvong Luangxaysana.
The signing ceremony was also attended by the Korean Ambassador to Laos, Mr Shin Sung-soon; Minister of Energy and Mines; Mr Khammany Inthirath and Minister of Natural Resources and Environment, Mr Sommad Pholsena.
The Nam Ngum River basin is one of Laos’ major catchments, accounting for about 44 percent of the nation’s total hydropower through dams built in the catchment area.