Tariff MOU successfully signed for Pak Beng Hydropower Project

Two investors in the Lao Mekong Pak Beng Hydropower Project,  China Datang Overseas Investment Co., Ltd. (China Datang) and Gulf Energy Development Public Company Limited (GULF) as the Project Co-Sponsor, officially signed a tariff Memorandum of Understanding (Tariff MOU) for the Pak Beng Hydropower Project in Laos with the Electricity Generating Authority of Thailand (EGAT), on Monday in Bangkok, Thailand.
The MOU is an important step in securing the electricity sale market and has laid a solid foundation for the full implementation of the Pak Beng Hydropower Project (HPP).
The Pak Beng HPP, located on the main stream of the Mekong River in Xayaboury and Oudomxay provinces of Laos, is a key project of the China-Laos Economic Corridor. Its smooth implementation will provide strong support for the building of a China-Laos community with a shared future.
Since the beginning of 2022, China Datang has overcome the serious impact of the Covid-19 epidemic abroad.
The company strictly implemented the development goals of “high standards, sustainability, and benefitting people’s livelihoods” under China’s “Belt and Road” initiative.
It strengthened the risk prevention and control network, and actively practised the China Datang Corporation’s guideline of “seizing resources and accelerating green transformation”, through “special assigned responsibility and system guarantee” to fully promote the development of the Pak Beng HPP.
The company strives to build the project into a “Model Project” and “Masterpiece Project” in Southeast Asia, with green energy construction serving Laos as the development orientation of “Southeast Asia battery”.
It will help the development of Laos’ electric power industry, and bring common benefits for local people, while promoting local economic and social development.

By Advertorial Desk
(Latest Update April 27, 2022)