Tenaga Nasional Bhd and Electricite du Lao have signed a memorandum of understanding (MOU) to explore hydropower potentials in Laos.
The move is expected to generate returns of RM460 million to RM2.3 billion annually to TNB beginning in 2025.
It also has the potential to increase cross-border electricity trade in Asean and assist Laos to become the “Battery of Asia”.
The MoU, signed today in conjunction with the two-day official visit of Prime Minister Anwar Ibrahim, also aims to increase Laos’ electricity export to Malaysia through the Malaysia-Thailand-Laos tripartite cooperation.
In addition to the MOU between TNB and EDL, Anwar, who is the finance minister, witnessed two memoranda of cooperation (MOC).
The MOC involved Keretapi Tanah Melayu Bhd and Lao National Railway State Enterprise in rail transportation, as well as Mutiara Perlis Sdn Bhd and Thanaleng Dry Port for inland port activities.
- Bernama
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