Viet-Laos Power Joint Stock Company and Laos Electricity Corporation have struck a deal to establish Xekaman 1 Electricity Co. Ltd., news agencies reported.
The agreement is designed to accelerate the Xekaman 1 hydroelectric power project, an important investment project between Vietnam and Laos, reports indicate.
The 322-MW Xekaman 1 project is being built at a cost of US$441 million on the Xekaman River in the Attopu Province of Laos.
The plant, together with the Xekaman Xansay hydropower station, will supply over 1.2 billion kWh a year when it goes into operation in 2014, media reported.
Recently, the Nam Theun 2 hydropower project in Laos began commercial export of 1,000 megawatts of electricity to Thailand.
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