The Lao government and Energy Absolute Public Company Limited (EA) - a company from Thailand have formed a joint venture company named Super Holding Company to manage the clean energy business.
EDL-Generation Public Company (EDL-GEN) are strongly willing to be: 1. A leading company in Lao PDR in generating the stable electric power, to fulfil the demand of socio-economic
This will enable Laos to generate revenue from clean energy within three years, alleviate its dependency on crude oil imports, facilitate the development of energy storage and EV solutions, and achieve its national goal of being the “Battery of Asia”.
Currently, Laos has total electricity production capacity of over 11 gigawatts from hydroelectric dams, as well as solar, biomass, coal and wind power plants.
Somphote said EA will also assume responsibility for managing fundraising activities, with an anticipated target of US$1 billion (36.79 billion baht), aimed at revitalising Laos' international reserves, reducing debt, strengthening the currency, and reinstating investor confidence.
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