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Lao peoples democratic republic : HYDROPOWER sector gets support from World Bank in LAOS

August 20, 2014

Through a multi-million pound loan provision, the World Bank is supporting the renewable energy industry in Laos.

The bank has entered into an agreement with the Government of Loa People s Democratic Republic (PDR) for new financing worth $17.8 million to support the nation manage its hydropower and mining resources.

The loan amount will be utilized for the Technical Assistance for Capacity Building in the Hydropower and Mining Sectors Project in Laos. It is expected to help the nation meet the power and hydro demands of its neighbouring countries.

Thipphakone Chanthavongsa, Vice Minister of Finance of the Lao PDR commented The projects will contribute to the socioeconomic development and environmental sustainability of Lao PDR.

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Source: TendersInfo (India)

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