Friday, 4 January 2008

Indochinese nations sign up for WB-funded power projects

Thursday, January 3, 2008

Vietnam, Laos and Cambodia have signed an energy cooperation agreement to facilitate the construction of two World Bank-financed power transmission lines from Vietnam and Laos to Cambodia.

In the agreement signed Wednesday in Phnom Penh, work on the two electricity transmission lines will start later this year and be completed in 2010.

One line will stretch from Tay Ninh Province in Vietnam’s south to Cambodia’s Kampong Cham Province and the other from Champasak Province in Laos to Stung Treng Province in Cambodia.

Mohinder Gulati, a World Bank energy expert, said the lines, estimated at some US$18 million, aim to reduce the electricity production costs in those areas.

Thanks to the projects, Cambodia will be provided with electricity from Laos in addition to the supplies from Vietnam which currently serve seven cross-border localities in Cambodia,

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