Laos, financial institutions working on hydro project development laws

The International Finance Corporation (IFC) has announced its plan to work with the Laotian government in developing draft laws that would help govern hydroelectric power development.

According to IFC, Laos is one of the poorest nations in southeast Asia, but is amongst the richest in terms of natural resources.

Through the past decade, investments have led to the development of about 20 hydropower projects, with up to 50 expected to be operational by 2025.

This boom in hydro construction has been essential in boosting the country's socioeconomic growth, IFC said, though it also increases competition among water users, making revisions to Laos' 17-year old water laws essential.

Currently, hydropower developers are granted water rights through concession agreements. Under the revised law, rights would be granted using a formal, long-term, permit-based system that would be easier to enforce.

"This law provides principles and measures necessary for the management, exploitation, use, development and protection of water resources, aiming to promote legal rights to use water resources that ensure balance and sustainability of socio-economic development and environmental protection," the draft law said.

http://www.pennenergy.com/articles/hydro/2013/06/laos--financial-institutions-working-on-hydro-project-developmen.html