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Baht/$ 33.56/59
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14,000
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ELECTRICITY
Yuthana Praiwan
Developers of three hydropower plants in Laos will be allowed to raise electricity rates charged on their sole buyer, the Electricity Generating Authority of Thailand (Egat), who agreed to help reduce their rising construction costs.
Egat governor Sombat Sarntijaree said an electrical steel shortage had raised the construction costs by 30%, with the rate agreed to in their memorandum of understanding unlikely to cover the rising costs. Once the agreement terminates in July, Egat and its partners would start negotiating a new power rate, which would need to be fixed under a long-term power purchasing agreement so that construction can move forward.
Three power plants are planned, including the 440-megawatt Nam Ngum 3 built by Marubeni, MDX Plc, Ratchburi Electricity Generating Holding Plc and the Laotian government, with operation slated for 2013. The 523-megawatt Nam Theun 1, developed by Egco Group Plc, Gamuga of Malaysia and the Laotian government, is set to start in 2014, while the 261-megawatt Nam Ngeip developed by Kansai of Japan, Egat International Co and the Laotian government, should also be ready by 2014.
Mr Sombat also said the authority would negotiate with the Burmese junta next month to revise the construction cost of the contractor for the 1,300- megawatt Hutgi hydropower project on the Salween River.
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