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DAM-L LS: Laos hopes to sign PPA with THailand by end Nov (fwd)
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Subject: LS: Laos hopes to sign PPA with THailand by end Nov
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103101 DowJones-- Laos Hopes To Ink Hydropwr Pact With Thai EGAT By End-Nov
Wednesday October 31, 7:07 PM
SINGAPORE (Dow Jones)--Laos hopes to sign a power purchase agreement with
the Electricity Generating Authority of Thailand by end-November, for
electricity sales to Thailand from the Nam Theun 2 hydropower dam, the vice
chairman of Laos' State Planning and Cooperation Committee told Dow Jones
Newswires Wednesday.
"We are grateful to the Thai government for standing by the agreement" to
buy power from Laos, despite revised electricity demand projections in the
wake of the Sept. 11 attacks, Khempheng Pholsena said.
The project will begin exporting power to Thailand from 2007, rather than
2006 as previously planned, she said.
EGAT committed to buy 3,600 megawatts of electricity from Laos, including
95% of the power generated by the 1,060 MW Nam Theun 2 project.
The US$1.1 billion build-operate-transfer project is being developed by
Electricite de France (F.EDF), with 35%, EGAT with 25%, Electricite du Laos
with 25% and Italian-Thai Development Plc, with 15%.
However, falling demand projections in Thailand have created doubts as to
the project's viability. The World Bank, which has come under criticism
from environmentalists over the dam, won't release funding for the project
without the power purchase agreement.
"We meet all the World Bank requirements" on environmental impact,
Khempheng said.
The Lao government has in the past expressed concern that Thailand's
transition to a power pool, slated for 2003, will derail long-term power
purchasing agreements like Nam Theun 2. The power pool system, which favors
the lowest cost generator, may make EGAT's long-term purchase commitments
uncompetitive.
Khempheng spoke on the sidelines of a seminar organized by Singapore's
Trade Development Board, to promote investment ties with Laos.
-By Lucy Hornby, Dow Jones Newswires; 65 415-4065; lucy.hornby@dowjones.com
Copyright © 2001 Dow Jones & Company Inc. All rights reserved.
Copyright © 2001 Yahoo! Inc. All Rights Reserved.
http://sg.biz.yahoo.com/011031/15/1moum.html
==
110601 Xinhua-- Thailand-Laos to Sign Electricity Trading Pact
Story Filed: Monday, November 05, 2001 10:45 PM EST
BANGKOK, Nov 6, 2001 (Xinhua via COMTEX) -- The Thai and Lao governments
are to sign a pact for the Nam Thern 2 generating project, which is set to
make history as the largest investment project in Laos, the Thai News
Agency (TNA) said Tuesday.
The National Energy Police Office was quoted as saying that Prime
Minister's Office Minister Chaturon Chaisaeng would put his name to the
agreement together with Lao Industry and Crafts Minister Surawong Darawong
in December.
The Nam Thern 2 project forms part of an earlier Thai-Lao electricity
trading pact, under which Thailand agreed to purchase 3,000 megawatts of
electricity from its neighbor.
The signing of the pact will give a clear signal that the project will go
ahead, and will enable investors to enter into loan negotiations with
financial institutions such as the World Bank.
The Nam Thern 2 generator will require investment of 1.1 billion
U.S.dollars, 70 percent of which will come from loans.
As such it marks the largest investment project in Laos, and the one
expected to generate the highest revenues at 200 million U.S. dollars per
year.
Initially the electricity will be traded under a 13-year contract, after
which the two governments will enter into further negotiations concerning
whether the contract should be extended, or whether the electricity in
question should enter the free-market power pool to be established by
Thailand.
Copyright 2001 XINHUA NEWS AGENCY
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