Chinese investment in Laos’ energy sector tops 15 billion USD
Laos is among 15 countries worldwide receiving the biggest investment from China in the energy sector, Vientiane Times on October 15 quoted a World Bank report as saying.
Vientiane (VNA) – Laos is among 15 countries worldwide receivingthe biggest investment from China in the energy sector, Vientiane Times onOctober 15 quoted a World Bank report as saying.
By 2017, China’s investment in the field in Laos hit 15 billion USD and isexpected to continue rising in the years to come, said the report.
China is now one of the largest investors in the hydropower sector in Laos,engaging in about half of the total number of hydropower projects in theSoutheast Asian nation.
According to data of the International Rivers, China’s hydropower projects inLaos include the 2.4 billion USD Pak Beng, the 2 billion USD Ban Ou, Nam Kham3, Nam Beng, Nam Leuk 1 and 2, Nam Ngum 5, Nam Mang and Nam Phay plants.
The energy sector has made significant contributions to Laos’ annual budget andplayed an important role in the country’s economic development. The LaoMinistry of Energy and Mines said that Laos is capable of producing 30,000MW ofsolar, bio-mass, wind, thermal and hydro electricity.
At present, Laos is home to 48 operating hydropower plants with total designedcapacity of 6,551MW. They are able to generate 35,549 GWh per year. The countryis now building 52 other hydropower plants with combined capacity of 6,511MW,able to generate 31,395 GWh per year. These plants are expected to be put intooperation between 2020-2021.
China is currently the largest foreign investor in Laos with more than 700projects worth up to 8 billion USD.-VNA
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Illustrative photo (GETTY IMAGES) 
