(KPL) The Laos-Korea Power Forum and Business Meeting 2019 was held in Vientiane Capital to promote investment and electricity development in Laos.
The meeting was held in Vientiane Capital on May 2 by the Korean Trade-Investment Agency (KOTRA) in cooperation with the Korea Electric Power Corporation (KEPCO) and the Ministry of Energy and Mines.
The meeting saw the presence of the Ambassador of the Republic of Korea to the Lao PDR, Mr Shin Sung-soon.
The Lao PDR has abundant hydropower resources which are clean energy sources. Over the last few years, the Lao government has considered energy as an important sector in the socio-economic development strategy, and as a fundamental factor for industrialization and modernization, said Deputy Director, Department of Energy Policy and Planning, Ministry of Energy and Mines, Mr Daovong Phonekeo. Therefore, the Ministry of Energy and Mines has devised a strategic framework to develop electricity industry to ensure power consumption in the country and power export.
We are happy with the energy cooperation between Laos and the Republic of Korea, especially the cooperation between EDL and KEPCO. The two companies are conducting a feasibility study into building and upgrading conventional substations to gas insulated substations (GISs), Mr Daovong added.
Companies participating in this export promotion meeting are promising export SMEs recognized by KEPCO for exporting a wide range of electrical equipment ranging from switchgears, transformers and meters to ESS, LED lights and junction boxes, said Vice President, Korea Electric Power Corporation, Mr Choi Myeong Ho.
We want to find a way to strengthen cooperation between KEPCO and Lao eclectic power companies for technology exchange and will invite power officials to participate in promising exhibitions to be held in Korea this year in November, he added.
Source: Lao News Agency