Vietnamese company eyes developing wind farm in Laos
|Nguyen Nam Thang, Chairman of the Board of Directors of Quang Binh AMI Renewables Investment Joint Stock Company (left) and Sathabandith Inseexiengmai, Laos’ Deputy Minister of Planning and Investment signed the MoU. (Photo: VNA)|
Under the 24-month MoU, in the first stage, the company will conduct a feasibility study on a 252 MW wind farm project in an area of nearly 2,700 ha in the province’s Sepon district.
If the Savannakhet province approves more land for the project, the company will study to increase the capacity of the wind farm to 1,215 MW.
After the MoU’s validity, if the project is feasible in terms of finance and markets, meeting Laos' technical standards on electricity, the Lao Government will allow the company to implement and operate the project in the build-own-operate (BOO) form.
The project is part of the Lao Government's development goal to produce electricity.