Laos and Myanmar are mulling over an electricity agreement to empower Laos' development needs, local daily Vientiane Times quoted a senior Lao official as saying on January 16.

Illustrative photo (Source: Internet)

Daovong Phonekeo, head of the Office of the Lao Ministry of Energy and Mines told Vientiane Times that the two sides will sign a Memorandum of Understanding (MoU) this week, allowing Myanmar authorities to initiate a feasibility study.

Myanmar wants to purchase about 100-200 MW, but that will depend on the results of their feasibility study, Daovong said.

Daovong said Laos would supply electricity to Myanmar through its northern power grids. "If everything progresses as planned, we expect to start selling electricity to Myanmar by the end of this year or the beginning of next year."

Laos currently sells only 4-5 MW to Myanmar, which is a very small amount, and the two nations aim to increase it in the near future.

According to a report from Myanmar media on January 13, Myanmar has adopted a National Electrification Plan under which it is planned that power will be available nationwide by 2030.

Laos has huge potential in hydropower, which can further drive economic growth. The country currently has 46 power plants with a designed capacity of 6,757 MW, generating about 35,608 GWh of electricity annually, said the Vientiane Times.

According to the Ministry of Energy and Mines, Laos is expected to generate 10,000 MW of electricity by 2020 and 20,000 MW by 2030, which will be far exceeding domestic demand.

In September last year, Laos signed a tripartite electricity-trading agreement with Thailand and Malaysia to sell 100 MW of electricity to Malaysia using Thailand's power transmission network. The delivery will begin on August 1, 2018.

On January 15, Laos and Myanmar inked three MoUs on bilateral cooperation in electricity, science-technology and corruption prevention as part of Lao PM Thongloun Sisoulith’s visit to Myanmar at the invitation of Myanmar President U Htin Kyaw.

Sharing 230km of border, Laos and Myanmar set up their diplomatic relations in July 1955. Both countries joined the Association of Southeast Asian Nations (ASEAN) in 1997. However, statistics showed that their two-way trade still remained modest.


                               Source: VNA

Related Topics

Removing “bottlenecks” in global problems

The Foreign Ministers’ Meeting of the world’s leading developed and emerging economies (G20) recently held in Rio de Janeiro, Brazil emphasised the need to reform global governance institutions, especially the United Nations Security Council. The meeting is also an opportunity for G20 to find solutions to a series of hot issues facing the world, such as poverty, climate change, and conflict.

ASEAN FMs issue statement on maintaining, promoting stability in maritime sphere in Southeast Asia

The Association of Southeast Asian Nations (ASEAN) Foreign Ministers on December 30 issued a statement on maintaining and promoting stability in the maritime sphere in Southeast Asia.

Optimistic signals of the world economy

The world economy has overcome a challenging year, but has proven more resilient than expected. The Financial Times (UK) commented that 2023 was a positive year for the world economy as the economic surprise index collated by Citigroup shew that actual data have underwhelmed economists’ predictions for much of the past months. These economic trends are the basis for optimism about the world economy in 2024.

Laos announces theme, logo of ASEAN Chairmanship 2024

Laos has announced the theme and logo for its the Chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2024.

Vietnam elected Vice President of UNESCO General Conference

Vietnam was elected a Vice President of the 42nd session of the UNESCO’s General Conference, representing the Asia-Pacific, on November 8.

Safe and responsible use of AI promoted

Since the "blockbuster" ChatGPT was launched a year ago, the prospects for the development of artificial intelligence (AI), as well as concerns about the risks from this technology, have become hot topics in the technology world.