Energy developers sign concession deal with Laos 

The concession agreement will come into effect when the Commercial Operation Date (COD) is launched with construction of the Nam Mo 2 hydropower plant in Xieng Khuang province to take three years and six months.
Deputy Minister of Planning and Investment Khamlien Pholsena signed the deal with Nam Mo 2 Power Company Limited’s Managing Director Tran Xuan Thach.
The company has five shareholders with three private companies from Laos and two companies from Vietnam.
Speaking at the signing ceremony, Khamlien said the concession agreement showed the determination of private investors to help with hydroelectric power development for the national grid.
“Interestingly, shareholders of the Nam Mo 2 Hydro Power Company Limited are not foreign companies alone with several private companies owned by Lao investors, which indicates the growth of local businesspeople in Laos,” he said.
Khamlien called for the investors to strictly implement the project in accordance with the approved plan.
“If implementation of the project can be completed prior to the date set, it would be tremendous. We [the government] are ready to help with any acceleration if needed,” he said, adding that environmental issues were also a priority.
“Most importantly, local villagers should be considered in the recruitment of labour because it would provide them with an income throughout the construction period,” he added.