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Chinese, Lao grid joint venture signs concession pact with Lao gov't_GMW.cn


2021-03-12 14:52   By: Xinhua
 
VIENTIANE, March 12 (Xinhua) Electricite du Laos Transmission Company Limited (EDL-T), the joint venture between China Southern Power Grid (CSG) and Lao state-run Electricite du Laos (EDL), has signed a Concession Agreement (CA) with the Laotian government in capital Vientiane.
The signing on Thursday was attended by Sonexay Siphandone, Lao deputy prime minister and minister of planning and investment, and Jiang Zaidong, Chinese ambassador to Laos, among other representatives from Lao and Chinese sides.
According to the agreement, under the supervision of the Laotian government, the company will serve as the country s national power grid operator to invest in, construct and operate the 230kV-and-above power grids in Laos and implement grid interconnection projects between Laos and its neighboring countries. ....

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Exclusive: Taking power - Chinese firm to run Laos electric grid amid default warnings


5 Min Read
(Reuters) - The poor, small Southeast Asian country of Laos is set to cede majority control of its electric grid to a Chinese company, as it struggles to stave off a potential debt default, people with direct knowledge of the agreement said.
FILE PHOTO: A farmer works in a paddy field under the power lines near Nam Theun 2 dam in Khammouane province in Laos.Picture taken October 28, 2013. REUTERS/Aubrey Belford/File Photo
The deal comes at a time when critics accuse Beijing of “debt trap diplomacy” to gain strategic advantage in countries struggling to repay loans taken out under President Xi Jinping’s global “Belt and Road” infrastructure initiative. ....

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