PetroVietnam arm to build Luang Prabang hydro project

Ha Noi — A Vietnamese company has inked a deal on investment and building consultation in the construction of the Luang Prabang hydroelectricity plant in Laos.

Subsidiary of PetroVietnam Power Corporation (PVPower), PVPower Engineering Consulting Joint Stock Company signed the internal corporation agreement with the Moscow Irrigation and Construction Design Institute in Ha Noi yesterday.

The hydroelectric project, to be constructed along the lower section of the Mekong River, is expected to generate an annual 6016 million kWh. It will take seven years to complete, with operations slated to kick off in 2013 or 2014.

Total investment has been projected up to US$1.828 billion.

Along with the joint stock company, the other four companies to have recently joined PVPower include the Machinery and Spare Parts Company, the Viet Nam Technology Service Petrol Power Company, the Viet Nam Real Estate Petrol Power Company and a consulting business.

PVPower company was established in June 2007 with four subsidiaries and five associates.

Sekaman river in Sekong Province of Laos was dammed yesterday for construction of a Viet Nam-built hydro-electric power plant, the Sekaman 3.

The Sekaman 3 is one of the five hydro-power to be built under a Laos-Viet Nam energy development co-operation programme which aims to produce 3,000 MW of electricity.

The Sekaman 3 is being built in Dakchung District at a cost of $273 million, to which the Viet Nam-Laos power joint stock company contributes 85 percent and the Lao government, the remainder. — VNS