Renewable power generation at Laos is backed up by the Govt of Laos by providing necessary land on lease basis, power evacuation through national and international grid etc. The power generated can be sold by us either to the Govt of Laos or to the neighbouring countries who share the power transmission network. The power purchase companies such as EPL, EGoT, VE etc that are available for our choice of secured power sale are in the grade of B to AA rating. The newly formed local entity at Loas will do the liaisioning with the concerned authorities and is in the verge of entering into agreement / MoU for setting of renewable energy power projects.
Whilst discussing about the prospects of business, we understand that we will be able to set up RE power projects in Laos upto a capacity of 2000MW. In this regard we are here to inform you that VL Group have started ascertaining the availability of site location/land for the project. In principle we have clutched from appropriate sources that the land parcel for the same is available and will be let known shortly to acquire on lease. Once we receive the details, VL Group shall enter into MoU with Government of Laos on undertaking the land lease, followed by power project agreement, power sale agreement etc.