Local Lao firm to develop solar energy project
VIENTIANE (Vientiane Times/ANN) - Lao Development Group Co Ltd will start a study on the investment and development opportunities of renewable energy solar power plants in provinces next month, following an agreement with the state sector.
The company signed a technical cooperation agreement with the Institution of Renewable Energy Promotion and the Ministry of Energy and Mines in Vientiane last week. It was signed by the company President Dr Vilaysanh Phommyxay and the Institute representative Mr Chanto Milattanapheng
Dr Vilaysanh said the company will start the study in April, after the Lao New Year, and that it will take about 24 months to complete.
The project will be located in Longxan district of Xaysomboun province, Champhon district of Savannakhet province plus other provinces where the areas are suitable.
Dr Vilaysanh said, “I think the project will be developed because we have an initial study and the possibility to develop the project is up to about 80 percent.”
The company has experience in energy development. It recently ran a joint venture operation on a hydropower plant investment project in Xaysomboun.