Thursday, June 14, 2007

Laos Seeks at Least $9 Billion Investment in Power Plants Over Next Decade

(Bloomberg) -- Laos, one of Southeast Asia's
poorest nations, seeks at least $9 billion of investment in
hydro and coal-fired power plants over the next 10 years to
boost electricity sales overseas and spur economic growth.

The country plans to tap its rivers and coal to build power
stations with a capacity of 8,000 megawatts by 2017, Xaypaseuth
Phomsoupha, chief of Bureau of the Secretary at Lao National
Committee for Energy, said in an interview in Bangkok yesterday.
Hydropower plants will account for almost all of the new
capacity, while the remainder will use coal as main fuel,
Phomsoupha said.


Read more at Bloomberg Emerging Markets News

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