The 410 MW Xe-Namony hydroelectric power plant in Laos is to be constructed by South Korea-based SK Engineering and Korean Waste Power in a contract worth $1bn.

Energy Business Review reports that the companies will build three dams and a hydropower plant across the Mekong River in the southern plateau of Bolaven by 2018.

Eventually to be state-run, the electricity generated at the plant will be predominantly sold to Thailand with Laos expected to earn an estimated $30m per annum in taxes and other fees.

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