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March 15, 2006

Dam project brings Laos cash and controversy

International Herald Tribune --- SOP HIA, Laos Near this dusty village of 51 houses, amid remote hills in the center of landlocked Laos, a country where electricity and running water are scarce and 80 percent of people still live on subsistence farming, a giant project is taking shape that has multinational companies and lenders buzzing.

Nam Theun 2, a hydropower project on a tributary of the Mekong River, involves building a dam and a power plant with a generating capacity of 1,070 megawatts, at a cost of $1.25 billion. The largest single foreign investment in Laos, the dam will also be the largest in Southeast Asia...

Full Story...

Posted by rjorr at March 15, 2006 8:57 AM