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March 11, 2009

Lao-Thailand energy projects to be revised
The governments of Laos and Thailand have agreed to continued cooperation in power and energy affairs, although some projects need revision.

Thai News Agency quoted acting Thai government spokesman Panithan Wattanayakorn, said the two had agreed to boost cooperation in power and energy projects.

There are five projects covered by agreements, which include the purchase and sale of electrical power from hydroelectric power stations at dams in Lao. Those agreements require revision as some contracts are due to expire.

Panithan added that construction and labour costs, as well as the demand for power, had changed along with changing global economic conditions, making it necessary for the governments of both countries to review the terms and conditions of contracts thoroughly before the contracts are renewed.

The terms of the project revisions are expected to be completed before the Lao prime minister officially visits Thailand in May.








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