Lao, South Korean companies discuss power industry development

  The Korea-Laos business meeting was held recently in Vientiane and co-organised by Korea Nuclear Partners Co. (KNP), Korea Hydro & Nuclear Power Co., Ltd (KHNP) and Electricite du Laos (EDL). 
  The meeting was attended by Deputy Minister of Energy and Mines Dr Sinnava Souphanouvong and South Korean Ambassador to Laos Mr Shin Sung Soon, Vice President of KHNP, and EDL-Gen Managing Director Ms Rattana Prathoumvan.

  Laos and South Korea have enjoyed close diplomatic relations for over two decades. The bilateral relations and cooperation have been concretely demonstrated in line with the socio- economic development policies and strategies of the two countries, in particular Korean investment and development in Laos, Dr Sinava told the meeting.

  In the past, the Ministry of Energy and Mines has undertaken activities and cooperation on nuclear power within Asean frameworks.In this regard, the ministry signed two memoranda of understanding with ROSATOM of Russia in July 2019. The first document defined areas of cooperation in education and personnel training, while the second established approaches to forming public opinion on the peaceful use of atomic energy in Laos, he added.

  This meeting will provide a good opportunity and create an environment for cooperation between the two countries in developing the power industry.In addition, it will enable businesses, project developers, investors and those who are interested in energy to meet, share and discuss various topics, especially hydropower and nuclear development, Dr Sinava said. 

  This meeting shows the commitment and good cooperation between EDL, KHNP, Laos and Korea. It is also testament to the fact that the Korean government supports the socio-economic development of Laos, especially in the energy sector, Ms Rattana said.
  EDL and the Korean Electric Power Corporation (KEPCO) have enjoyed good cooperation for a long time. KEPCO has always supported EDL and is to be thanked for the contributions that have assisted EDL to develop its personnel through two training courses held in South Korea.The company also provided support in developing a simulation room on high voltage substations at the EDL training centre.

  This meeting can present quality products to the Lao energy sector. Those products will help EDL to make the electricity system in Laos more stable and reliable in the supply of electricity to the public, and encourage Lao people to have more trust in EDL, Ms Rattana said.On the same
day, staff from about 17 power companies in the Republic of Korea met with Lao companies to introduce their products and seek investment partners in Laos.