EA Signs MOU for Feasibility Study on Development of 2 Hydropower Projects in Lao PDR

Energy Absolute Public Company Limited (EA) announced that on July 24, 2020 the company and the other 3 companies namely, (1) Chaleun Sekong Energy Company Limited, Lao PDR (2) Vega Digital Company Limited, Thailand, and (3) PSL Service Sole Company Limited, Lao PDR have completed the execution of Memorandum of Understanding with the Government of the Lao People’s Democratic Republic to jointly explore, survey, and evaluate the feasibility study on development of natural resources with in Lao PDR for developing to the following 2 Hydropower projects (1) Saravan Downstream Hydropower Project, and (2) Phamong Hydropower Project to generate the electricity for domestic distribution and export to foreign countries.

 

Under term of this MOU, the relevant feasibility study must be completed within 2 years, for which the Developers shall joint survey, study the feasibility and evaluate the possibility under the scope grated by the Government of Lao PDR.

 

Therefore, EA shall report the significant development or once the feasibility is completed.