7 Aug 2014 | Lao PDR's KPL News
(KPL) The US$3.5 billion Xayaburi Hydroelectric Power Project has been almost 40 per cent completed since the construction commenced in late 2012.
The progress was reported at a meeting held in Xayabury Province last week in attendance of the Vice Governor of Xayabury, Mr Yanyong Sipaseuth, representatives from the government bodies, Xayaburi Power Company Ltd, and other relevant sectors.
The project developer is speeding up building navigation lock, spillway and intermediate block, which are expected to be completed by the end of this year as over 80 per cent of these works have been carried out.
To date, the resettlement of affected villages from the project development site is almost done.
There are 15 villages affected from the project, of which six villages are in Xayabury Province and the rest is in Luang Prabang Province.
The Xayaburi project will be the first to be built on the mainstream of the Lower Mekong River Basin.
The total direct revenue for the Lao government over the 29-year concession from the Xayaburi Dam Project is estimated to be nearly US$4 billion (US$135 million per year), including US$1.89 billion as royalties, US$1.37 billion as dividends and US$637 million as taxes.
The 1,285 MW Xayaburi project is the second largest among nine power plants under construction after the Hongsa Mine Mount Power Plant, which is also located in Xayabury Province and has an installed generation capacity of 1,878 MW.
1,225 MW of electricity from the hydropower project will be sold to Thailand and some 60 MW will be sold to Electricite du Laos for domestic consumption.
Lao PDR has the potential to develop 100 more hydroelectric power projects with a combined generation capacity of 28,000 MW.