Vietnam to purchase more power from Laos
National utility Vietnam Electricity (EVN) has signed three memoranda to purchase power from Laotian companies amid expected energy shortages.
EVN will buy power from two hydropower plants and one coal-fired power plant in neighboring country Laos starting 2024, according to the memorandums of understanding signed Sunday.
The 84-megawatt Nam Yeuang hydropower plant and 300-megawatt Nam Phan coal-fired thermal power plant developed by Phongsubthavy Group are set to transmit electricity to Vietnam starting 2024 and 2025.
Another hydropower plant, Nam Neun 1, with a capacity of 124-megawatt and developed by Kong Sup Hydro Development of Nam Neun 1 and Nam Neun 3, will also start delivering power to Vietnam in those two years.
EVN in January signed five deals with two Laotian companies to purchase 1.5 billion kilowatt-hour of power each year in 2021 and 2022.
Dat Nguyen
