The Korea Electric Power Corporation (Kepco) hopes to expand its power equipment business as well as explore other avenues of cooperation with Laos’ energy sector.
A business meeting between representatives of Laos’ Ministry of Energy and Mines, Electricite du Laos (EDL), and Kepco as well as related sectors from Lao and the Republic of Korea was held in Vientiane last week.
“The Ministry of Energy and Mines is aware of the importance of modern technology which will increase our energy generation as well as distribution capacity. We are pleased about the cooperation between EDL and Kepco in the energy sector,” a ministry representative said.
“For this project, Kepco has installed a simulated GIS substation at EDL and organised a training course for EDL staff. We look forward to benefiting from cooperation between the two companies and from Kepco’s international experience in the use of advanced technology, especially the technology used in the energy sector,” he added.
The event was organised by the Korea Trade-Investment Promotion Agency (Kotra) to introduce new technologies from Kepco such as energy storage systems, smart city, digital transformation and others to Lao power companies. It also aimed to promote export products to partner companies.
About 10 Lao power companies attended the meeting and discussed products and the latest technology from Kepco as well as the most efficient ways to order and use them.
“We want to cooperate with Kepco and Lao power companies in technical exchange. On this occasion, we invite power companies in Laos to participate in the Electric Power Technology, Bitagram International Expo of Electric Power Technology 2019, which will take place on November 6-8 at the Kimdaejung Convention Centre in Gwangju, Korea,” said Kepco SMEs Support Team vice-president Choi Myoung-Ho.
“The Embassy of the Republic of Korea to Laos and Kotra will strengthen cooperation between Korea and Laos in the power sector. We will support Lao power companies to use quality power equipment from Kepco,” said Kotra director-general Park Shag Eun.
Kotra holds business meetings between Lao and Korean firms regularly to bolster trade value between the two countries, which currently stands at about $100 million. VIENTIANE TIMES/ANN