Vietnam is keen to import more electricity from Laos to address its projected energy shortages. National utility Vietnam Electricity (known by its French acronym EVN) signed three memorandums of understanding in Hanoi on December 6, 2020 to buy power from Lao companies. Vietnam will start importing power from the 84MW Nam Yeuang hydropower plant and the 300MW Nam Phan coal-fired thermal power plant in 2024 and 2025. EVN will buy energy from two hydropower plants developed by the Phongsubthavy Group and one coal-fired power plant in Laos, starting in 2024. Another hydropower plant, the Nam Neun 1, with a capacity of 124MW, developed by Kong Sup Hydro Development of Nam Neun 1 and Nam Neun 3, will also start transmitting power to Vietnam.
