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Recently, Laos partnered with a well-known Chinese power plant equipment manufacturer——China's Sichuan Huaxi Energy Industry Company has signed a clean energy cooperation agreement worth a total of 1.45 billion US dollars.
According to official sources, this cooperation agreement was signed in the southern province of Sekong in Laos, involving a large-scale project1800 MW clean energy generation project. China's Sichuan Huaxi Energy Industry Co., Ltd. has teamed up with a Singaporean construction company to jointly undertake the design, equipment supply, and construction tasks of the project. The preliminary design work is expected to be completed by the end of this year, and the entire project is expected to be fully completed by early 2030.
Although the specific clean energy technology used has not been disclosed, this project will undoubtedly greatly enhance Laos' electricity production capacity and further consolidate its position as an electricity exporting country in Southeast Asia. Laos, as one of the ASEAN member states, is known for itsKnown as the 'Southeast Asian Battery', its electricity export volume ranks among the top in the region. This cooperation with China Huaxi Energy will once again demonstrate Laos' leading position in the field of clean energy.
In addition to the power generation project, both parties also signed a value agreementA transmission agreement worth 228.8 million US dollars. This means that with the advancement of clean energy generation projects, Laos' power transmission capacity will also be significantly improved. This is of great significance for meeting domestic electricity demand, promoting economic development, and increasing electricity exports.
This is not the first time that China Huaxi Energy has entered the energy market in Laos. As early asIn 2022, the company signed a $409 million equipment supply and service agreement with another power company in Laos. This collaboration not only reflects the high trust between both sides, but also showcases the strong strength and advanced technology of Chinese enterprises in the field of clean energy.
The Laotian side stated that this cooperation with China West China Energy is an important step for both sides to jointly promote the development of clean energy. In the future, both sides will continue to strengthen cooperation and exchanges in the field of clean energy, and jointly promote the optimization and upgrading of Laos' energy structure and sustainable development. At the same time, it will inject new vitality into the economic and trade cooperation between China and Laos and bring more benefits to the two peoples.
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