From January 2 to 8, 2017, President of NORINCO International Mr. Wang Yuetao paid a visit to Laos and attended the opening ceremony of Xeset3 hydropower station.
The grand ceremony was held on January 1, 2017. More than 150 guests including Minister of Energy and Mines of Laos Dr. Khammany Inthirath, governor of Champassak province, Managing Director of Electricite du Laos Mr. Bounoum Sivanpheng were present. After delivering the greeting speech, Mr. Wang Yuetao received the Taking-over Certificate from Electricite du Laos and government trophy from Ministry of Energy and Mines of Laos.
Xeset3 hydropower station was developed as a diversion power plant and was installed with two francis turbine units. The total installed capacity is 23MW which can produce 80 million kWh per year. The project was mainly financed by preferential buyer’s credit from the Export-Import Bank of China. As the EPC contractor, NORINCO International took charge of engineering, procurement and construction of the project. Construction officially began in January 18, 2014 and was scheduled for completion and handover on January 17, 2017. However, through fully cooperation and unremitting efforts, the project was completed earlier than planned and the dam began generating electricity in July 2016.
In Laos, Mr. Wang Yuetao visited Mayor of Vientiane Dr. Sinlavong Khoutphaythoune, Minister of Energy and Mines of Laos Dr. Khammany Inthirath and Managing Director of Electricite du Laos Mr. Bounoum Sivanpheng respectively. After a brief introduction to the recent development trends of NORINCO International and project developing and execution in Laos, Mr. Wang Yuetao expressed NORINCO International's willingness to make in-depth cooperation with Laos based on China’s strategy of the "Belt and Road" and Laos economic development needs and through proactive proposal, planning and research. At the meantime, he made some discussion on the topic of cooperation opportunities concerning municipal infrastructure of Vientiane, Laos power grid, clean energy, mineral resource exploitation, etc. The Lao side showed their warm welcome to Mr. Wang Yuetao and his party. They appreciates the efforts and contributions NORINCO International has made to Laos livelihoods and economic development. Laos is willing to further strengthen cooperation with NORINCO International covering more fields in the future.
Besides, Mr. Wang Yuetao paid an inspection visit to Water Pipe System Extension Project of Sandin Water Supply Plant and Replacing Of Old Water Pipe For Nampapanakhoneluang At Vientiane Capital and Construction of Patrol Headquarter Office Building and Warehouse Project of Ministry of Public Security.