The government expects to earn US$3.9 billion from the operation of the dam throughout the 29-year concession period, including US$1.897 billion in royalties and US$637 million in taxes.
The government has pledged to use this money to fund poverty reduction programmes and infrastructure development so that Laos can catch up with other countries in terms of overall development.
Category: Article
After Relocating for Dam Construction Project, 1,400 Lao Villagers Face Difficulties
The Chinese-backed Nam Ou 4 dam is one of seven dams planned for the Nam Ou River, which traverses Phongsaly and Luangprabang provinces in northern Laos.
HCM City builds new climate-change response plan
More than 20 climate-change adaptation projects had received assistance from international groups, but they had not met demand for several reasons.
Court summons four more suspects over Mondulkiri logging
Mondulkiri provincial Military Police are hunting four more people on court orders after tycoon Soeng Sam Ol and three alleged accomplices were placed in pre-trial detention on illegal logging charges.
Half of Thailand Population Has Asbestos in Their Lungs
A ban on certain forms of asbestos was put in place in 2001, but the country still uses a vast amount of asbestos for industrial purposes. Much of the asbestos used in the country is used in building materials, cement and roofing products.
Dept warns of worst drought in decade
The Meteorological Department (MD) says Thailand is going to experience the worst drought in a decade, as average precipitation across large swaths of the country has fallen far short of the monthly average.
“Worst drought in living memory”, Thai farmers in the north
Parts of Thailand are facing their worst drought in 50 years. Farmers in some parts of the north and north east say that the situation is the “worst in living memory”, as reported in Sanook.
Vietnam thrives in the US-China trade war
China’s neighbour is growing at its fastest rate in 11 years, as firms look to avoid trade war tariffs, though there are social and environmental risks