Mekong region to get power trading

24/12/2007 -- 5:20 PM

HCM City (VNA) – The Swedish government and the Asian Development Bank (ADB) are helping to set up an institutional framework to support competitive regional power trading within the Greater Mekong region (GMS). This framework would ensure long-term stable and mutually beneficial electricity supply to the six Asian member nations of the GMS economic cooperation programme. The GMS countries are Cambodia , China , Laos , Myanmar , Thailand and Viet Nam . “The project will work towards an expanded and mutually beneficial cross-border power exchange among GMS countries, with better infrastructure and institutional and regulatory capability,” said Bui Duy Thanh, energy economist at ADB’s Southeast Asia Development. The proposed technical assistance for facilitating regional power trading and creating an environmentally sustainable development of electricity infrastructure will include a 5- million USD grant from Sweden to be managed by ADB. Power interconnections between the countries would enhance the reliability and security of the power supply, officials said. The goal is to coordinate the planning and operation of regional power generation and transmission facilities in the GMS, and reduce total investments and operating costs, and will result in mutually beneficial benefits. The project will also ensure that the environmental impact resulting from developing power projects will be kept under control. Cross-border power transmission is already under way between some GMS countries – from China to Viet Nam ; Viet Nam to Cambodia ; and Laos to Thailand . These power flows are mostly one-way, but the aim of the GMS countries is to create regional power trading to meet the needs of their growing economies.-Enditem
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