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dam-l LS: Jasmine set to sell stake in Lao power project
>
>The Nation / 13 October 1999
>
>Business
>Jasmine set to sell stake in Lao power project
>
> THAI telecommunications company Jasmine International
>Plc yesterday said it had begun talks aimed at selling its
>10 per cent stake in the Nam Thun 2 power project in Laos.
> Jasmine president Songrit Kusomrosananan said the
>company had decided to dispose of its holdings in the 900
>megawatt power project, in which it has invested US$3
>million, to focus on its core business at home.
> He said the company believed it had little chance of
>winning a contract to build the project's transmitting line
>from Laos to the Thai border.
> The Laos government holds a 25 per cent stake in Nam
>Thun 2. Other stakeholders are Electricite de France with
>30 per cent, Transfield (Australia) Co Ltd with 10 per
>cent, Italian-Thai Development Plc with 15 per cent and
>Merril Lynch Phatra Securities Plc with 10 per cent.
> Meanwhile, the Electricity Generating Authority of
>Thailand will extend the power purchase agreement on Laos'
>Nam Ngum 1 power project by another 3-4 years after it
>expired last month.
> The contract will be amended based on the Small Power
>Producer model for the supply of 120 megawatts of power
>which entered Thailand's power system in 1972.
> Sittiporn Ratanopas, a deputy governor of the authority,
>left for Laos yesterday to sign the contract extension.
> The Nation, Agence France-Presse
>
>
>=====
>Denis Johnson
>Minneapolis, MN, USA
>drjohnson1@uswest.net <== new and improved!
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Aviva Imhof
South-East Asia Campaigner
International Rivers Network
1847 Berkeley Way, Berkeley CA 94703 USA
Tel: + 1 510 848 1155 (ext. 312), Fax: + 1 510 848 1008
Email: aviva@irn.org, Web: http://www.irn.org
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