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”. Contact online >>
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”.
With the Laotian government as principal shareholder and professional management team, he said the core mission of Super Holding Company is to manage clean energy in an integrated manner.
This includes asset management, overseas energy distribution management via a single gateway framework, and serving as the principal entity for future investments in the country's clean energy sector or related ventures.
He said the company will initially undertake multiple hydropower projects with a combined capacity of more than seven gigawatts, serve as a centre for managing renewable energy initiatives and oversee the exportation of total power energy.
“Additionally, the company will be granted a supplementary 25-year concession period, with the government further incentivising the adoption of EVs to curtail fossil fuels imports,” he said.
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.
Over the medium term of two to three years, he said the company has planned to develop value-added projects such as floating solar and energy storage systems and enhance project efficiency.
“These efforts are expected to boost the country's revenue and diminish its reliance on fossil fuel imports, with EA taking the lead in project development in collaboration with the Laotian government,” he added.
Laos has launched a strategy to promote the adoption of clean energy and EVs to reduce reliance on fossil fuels, maximise the country’s resources and stimulate the economy, according to the Laotian government.
“Apart from driving the green economy, this strategy also benefits Laos’ green tourism, and enables the country to achieve net-zero carbon emission by 2050,” said the Public Debt Management Department’s director-general Soulivath Souvannachoumkham.
The future of sustainable mobility in Laos took center stage as industry leaders, innovators, and policymakers came together for the highly anticipated 2nd Lao Electric Vehicle (EV) Forum. The event was hosted by the Ministry of Energy and Mines, with funding support from the United States Agency for International Development (USAID) in partnership with the Lao Automotive Industry Association. The event aimed to drive the EV revolution in Laos and pave the way for a greener and more sustainable future amidst the global climate crisis.
Following the first Lao EV Forum last year, this event served as a platform for all stakeholders in the automotive industry, especially focused on electric vehicles, to discuss and exchange views, ideas, and information to enhance common understanding and promote shared interests among stakeholders.
The Forum included in-depth discussions on the electric vehicle industry and its implication on infrastructure, energy, standardization, and human resources capability in Lao PDR. As the industry continues to rapidly grow and evolve, it is essential to address emerging trends and maintain the momentum in promoting electric mobility in the country.
The Lao EV Forum boasted an impressive lineup of distinguished speakers, including industry experts, government officials, and other interested stakeholders. Attendees engaged in panel discussions, enlightening presentations, and networking opportunities that will shape the future of electric mobility and EV policies in Laos.
Officials discussed expanding collaborations with development partners and particularly the private sector both from the local space and among ASEAN to advance policies, law, and regulations to promote the use of electric vehicles and promote clean solutions to address the climate crisis.
As a leading international research organization, ERIA is actively conducting quality research on numerous issues. With its partnership network of organizations and strong relations with governments in the region, ERIA is well positioned to support regional initiatives for sustainable growth and quality of life for the people in ASEAN and East Asia
ERIA is an international organisation established in Jakarta, Indonesia, in 2008 through a formal agreement amongst the leaders of 16 East Asian countries. Its mission is to conduct research and provide policy recommendations to advance economic integration across the region.
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