Sinohydro inks power plant deal with Laos' energy firm

Sinohydro Corporation, China's largest builder of hydropower plants, has signed a contract with Laos' electricity supplier, Electricite Du Laos (EDL), to build two hydropower stations and a power transmission line in a deal that is cumulatively worth around $559 million.

The two companies will construct the 130,000-kW Nam Kham 2 hydropower plant located 30 km southeast of Luang Prabang city on the Nam Kham river, and is expected to generate 556 million kWh of electricity a year, according to a statement posted on the State-owned Assets Supervision and Administration Commission website.

And another 47,000-kW Nam Kham 3 hydropower plant will be located 70 km north of Luang Prabang city, which is expected to generate 222 million kWh of electricity in a year. The two projects alone involve about $430 million investment in total.