Viet-Lao Power reported signing an investment-cooperation MOU with ACO Investment Group on 4 June 2018 in Vientiane. The framework contemplated joint development of electricity generation and transmission projects in Laos to supply Vietnam.
Convalt’s proposed role
The announcement described ACO’s intention to mobilize investment from funds, lenders and development-finance institutions. ACO envisaged strategic cooperation through Convalt Energy or investment funds established by ACO.
Regional participation
Hari Achuthan and Viet-Lao Power Chairman Le Van Ton signed the agreement. Representatives of the Lao government and National Assembly, the U.S. and Vietnamese embassies, and provincial authorities attended. The proposed cooperation brought together investment-development capabilities and Viet-Lao Power’s experience in Lao generation and transmission infrastructure.