11 Oct '17, 3pm

Company investing in two hydro plants in move toward green business

Company investing in two hydro plants in move toward green business

In hydro business news in Laos, Padaeng Industry Public Company Limited (PDI) has signed a memorandum of understanding with EDL-Generation Public Company to jointly invest in the 69-MW Nam San 3A and 45-MW Nam San 3B hydropower plants. This appears to be part of PDI’s move toward green business and eco-efficiency. The two hydro plants are in the Mekong River Basin in the Xieng Khouang province of Laos and have been in commercial operation for two years. They deliver electricity under a 27-year electricity sales contract with Electricite du Laos. The investment objective is to help PDI attain solar and hydro power plants in Asia with a total capacity of up to 200 MW within two years, PDI says. PDI subsidiary PDI Energy has set its goal to take a major stake in both the Nam San 3A and Nam San 3B plants. “The investment in two hydropower plants in Laos is in line with our str...

Full article: http://www.renewableenergyworld.com/articles/hydro/2017/1...

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