Korean consortium to sell Thailand power from Laos

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Korean consortium to sell Thailand power from Laos

The consortium of SK Engineering & Construction and Korea Western Power Corporation (Kowepo) announced yesterday it had signed a power purchase agreement with the Electricity Generation Authority of Thailand to supply electricity from the Xe-Namnoy hydroelectric power plant in Laos.

SK E&C and Kowepo have been granted the concession to construct and operate the plant on the Mekong River for 32 years, with SK E&C taking a 26 percent share and Kowepo 25 percent.

The project will cost $680 million and is scheduled for completion in 2019.

With the agreement, the consortium can sell 1,575 gigawatt hours of electricity to Thailand for 27 years, which the companies estimate will generate at least 130 billion won ($120 million) a year.

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