Construction starts on Nam Lik 1 hydroelectric power plant
(VOV) -Construction on the US$124 million Nam Lik 1 hydroelectric power plant got underway on July 9 following more than one year of design preparation.
Once fully operational the facility of Posco Engineering & Construction Co.Ltd will add a capacity of 65 MW to the power supply of Phonhong District, Vientiane, Laos.
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Approximately,70% of the total investment capital is sourced from a Thai Exim Bank official development assistance (ODA) loan with the remaining 30% coming from POSCO E&C, PTTI-a state-run energy corporation of Thailand, HEC, a generation equipment supplier, and EDL, the utility authority of Laos.
The total value for the engineering, procurement, and construction (EPC) contract is estimated at US$81 million.
The Build-Operate-Transfer project located 90 kilometres north of Vientiane, is scheduled for completion within 39 months.
With civil infrastructure experience, POSCO E&C is focusing on hydropower plant projects with the aims of building a green environment campaign across the globe.