Bangkok--29 Mar--Glow Energy
Glow’s subsidiary Houay Ho Power Co., Ltd. (HHPC) today signed a Memorandum of Understanding (MOU) with the Government of Lao PDR (GOL) to study the feasibility of a hydro-power plant on Xepian — Houay Soy rivers in the Attapeu province in Southern Laos.
The signing took place in Vientiane, in the presence of HE Deputy Minister of Planning and Investment. Thongmy Phomvixay, representing the GOL, Mr. Esa Heiskanen, the Chairman of the Board of HHPC and the CEO of Glow Group; and other executives and guests representing Glow, its partners — Electricite Du Laos (EdL) and Hemaraj, the Government of Laos.
The MOU provides exclusivity for HHPC to study the feasibility of a hydro-power plant in the lower Xepian river in Southern Laos. The feasibility study will cover hydrological, topographical and geological, as well as socio-economical and environmental impact studies. The results of the study, including technical configurations and financial assessment, will be available in 18 months time. If the results of the study are positive and project agreements can be concluded with reasonable terms, the project can achieve commercial operation in 2015.
“The initial studies indicate that Xepian — Houay Soy would be a good project, and through this expansion we hope to be able to enhance the use of the existing infrastructure already invested in HHPC. The project could almost double the installed capacity of HHPC and its export of electricity to Thailand. This MOU also demonstrates Glow’s commitment to further invest in growth of its IPP business in Thailand and Laos. ”, noted Glow’s CEO Mr. Esa Heiskanen.
About Houay Ho Power Company Limited.
Houay Ho Power Company (HHPC) is a joint venture between Glow Energy Plc., EDL and Hemaraj Land and Development Plc. Their shareholdings in the venture are 67.25%, 20% and 12.25% respectively. It is an independent power producer (IPP) established in 1996. The company runs a 152 MW hydroelectric power plant on the Houay Ho river in Laos People’s Democratic Republic under a build, operate and transfer agreement (BOT) with the Laos Government, and to generate and supply electricity to Thailand.
For further information concerning Houay Ho Power Co., Ltd. please visit our website at www.houayho.com, or contact tel: (856) 36-211720-1 - Fax: (856) 36-211719
About Glow Energy
Glow Energy is a member of the Glow Group, who is a major energy player in Thailand. Glow Group’s combined installed capacity is 1,860 MW (Glow’s stake is 1,775 MW) of electricity and 967 tons per hour of steam.
Glow Group generates and supplies electricity to Electricity Generating Authority of Thailand (EGAT) under Thailand's SPP (Small Power Producer) and IPP (Independent Power Producer) programs, as well as electricity, steam, industrial water and services to large industrial customers principally located in the Map Ta Phut area and nearby.
GDF SUEZ Energy Europe & International is Glow Energy’s major shareholder and is a division of the GDF SUEZ Group, one of the largest international industrial and services groups in the world.
For more information about GDF SUEZ please visit the companies’ website at www.gdfsuez.com.. For more information about the Glow Group please go to www.glow.co.th
For further details please contact
Natthapatt Tanboon-ek
Glow Energy Plc.
Tel. 02-670-1500-1
Email :
[email protected]