Vietnam’s Hoang Anh Gia Lai Joint Stock Company (HAGL) will build a 120 million-USD hydro power plant in Laos following a memorandum of understanding with the Lao Ministry of Planning and Investment.
Under the MoU signed in Vientiane on Jan. 19 between HAGL General Director Nguyen Van Su and Lao Deputy Minister Planning and Investment Thongmy Phomvisay, the Nam Cong 2 hydro power plant has a designed capacity of 70 MW and will put be into operation after three years.
Earlier in August, the two sides signed a MoU on the Nam Cong 3 hydro power plant.
Once operational, the two projects will help boost socio-economic development in southern Laos in particular and Laos in general.
The HAGL has gained prestige in Laos with the Sea Games 25 village in Vientiane and a project on planting 10,000 ha of rubber trees in Attapeu province./.