Representatives of the two sides exchanged the signed contract. (Photo: Xuan Tu/VNA)
According to VNA correspondent in Laos, on the afternoon of February 13, in the capital Vientiane, the signing ceremony of the Project Development Agreement (PDA) for the Nong Wind Power Plant, with a capacity of 1,200 MW in Nong district, Savannakhet province, took place between the Lao Government and Chitchareune Construction Company Limited.
The event was attended by Vietnamese Ambassador Extraordinary and Plenipotentiary to Laos Nguyen Minh Tam; Lao Minister of Planning and Investment Phet Phomphiphak; representatives of the Government Office and the Ministry of Energy and Mines of the Lao People's Democratic Republic, along with many officials and employees of relevant agencies and units of the two countries Vietnam and Laos.
In order to support Vietnam's energy security and meet the growth needs of the economy, Chitchareune Construction Company Limited has coordinated with relevant agencies and consulting companies to research and develop the Nong Wind Power Plant Project on a surveyed land area of nearly 28,500 hectares.
According to the above enterprise, the enterprise is currently coordinating with relevant agencies, the consulting unit of the Institute of Energy under the Ministry of Industry and Trade of Vietnam, suppliers and potential financial institutions to be able to approve the final Feasibility Study Report and will sign the project concession contract in the second quarter of 2026.
The Nong Wind Power Plant Project has a total installation investment of about 1.9 billion USD, of which phase 1 has a capacity of 702 MW, an investment value of about 1.123 billion USD and phase 2 has a capacity of 498 MW, worth about 797 million USD.
The company also pledged to make every effort to comply with the terms and strive to complete ahead of schedule. It is expected that after completing phase 1 by the end of 2027, the project will export 1,526 million kWh of electricity to Vietnam each year and increase by 1,112 million kWh/year after completing phase 2 in 2030./.
Source: NangLuongSachVietNam
