The Region Oil Company of Russia will help Laos in building three hydropower plants in the south of Vietnam for domestic demand and exports, media reported. At present, the company is working on documents to sign with the Lao government and developers for Nam Kong 1 in Attapeu province, Xekong 4 and 5 in Xekong province. The three hydropower plants are estimated to cost more than VND17.1 trillion and will have an installed capacity of 1,200 megawatt.
The three hydropower plants will be operational in 2014, 2015, and 2016, respectively.
The company has carried out all the necessary surveys and prepared drawings with approval from the Lao Ministry of Public Works and Transport. And the selection of contractors to carry out construction of the projects is also in process, said the Russian company Deputy General Director Vasily Morgun.
The documents include a shareholder agreement, a project financing scheme, power purchase agreements, an operation and maintenance agreement, and concession agreement.