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IFC signs MoU with Laos’ energy ministry to boost private investments [free access]

April 15, 2019

International Finance Corporation (IFC), a member of the World Bank Group, and Lao People's Democratic Republic's (PDR) Ministry of Energy and Mines (MEM) have signed a Memorandum of Understanding (MoU) directed towards strengthening and extending the country’s power sector by channeling private investment in the transmission infrastructure. 

 

The MoU is expected to develop the domestic grid; thereby enhancing its power service provision as well as promoting power exports, thus augmenting the country’s overall development. Further, IFC will also assist the ministry in evaluating an assortment of transmission projects, identifying a suitable pilot project, and attracting private investment in the project.

 

As part of the MoU, IFC, in partnership with the PDR’s state-owned power company Electricité du Laos (EDL), will also carry out a pre-feasibility study associated with a 500 kV line, which aims to export power from Lao PDR to Vietnam. In addition, IFC will help the ministry identify and assess additional appropriate transmission lines relevant for private investment.