- Plan to Support the Training and Development of Hydro Workforce in Lao PDR
- Launch a Nationwide Electrical Grid Study
- Open a Representative Office in Lao PDR
VIENTIANE, Lao PDR - September 15, 2016 - GE (NYSE: GE) and Electricite du Laos (EDL) have signed a Memorandum of Understanding (MoU) to launch joint research and training programs to support the long-term development of the nation’s energy sector and underpin Lao PDR’s aim to become a key power generation source of the ASEAN region
GE will bring its expertise and experience to two initiatives designed to help Lao PDR advance its ambitions of becoming an important power producer and exporter in ASEAN.
Mr. Wouter Van Wersch, President and CEO, GE ASEAN said, “This MoU with Electricite du Laos is a milestone for GE in Lao PDR as it enables us to bring our energy insights, expertise and experience to the country and support important development programs that are key in achieving future economic growth.”
This sentiment was echoed by Managing Director Mr. Bounoum SYVANPHENG of Electricite du Laos. “Like GE, we believe fresh thinking and a strong ‘next generation’ workforce are key factors to help us achieve our priority energy goals - from providing affordable, reliable power to more homes nationwide, to developing our energy export business, and the renewable power sector.”
Lao PDR has experienced a rapid growth in installed hydropower capacity and is a region leader in potential future capacity. The MoU aims at developing a fully qualified Hydro Lao PDR workforce via GE’s potential contribution to:
- The design and development of Hydro curriculum;
- Hydro technical trainings in GE’s industrial facilities, Lao PDR’s hydro power plants, or partners universities premises;
- Developing local leaders via access to GE’s Corporate trainings, and fostering access to power to local communities.
Commenting on the MoU, Yves Rannou, president and CEO of GE’s Hydro Solutions said, “Creating value in the countries where we do business and contributing to their economic and social development locally is the way we drive our business. With this MoU, we are extremely proud to support the growth of Lao PDR and the success of EDL and we are eager to start working on its implementation.”
Another initiative described in the MoU is a national grid study to be conducted by GE Energy Consulting with the aim to contribute to the security and reliability of EDL’s transmission network. Under such initiative, GE would analyze the existing grid system to identify current constraints and make recommendations for improved performance. The feasibility of consolidating the grid infrastructure in Lao PDR, especially to merge the domestic network with that which links its power plants to customers in neighboring countries, would also be assessed, as would proposed network expansion plans for the next four years.
In addition to the signed MoU, GE announced the opening of its representative office in Lao PDR.
“The new office in Vientiane, coupled with the MoU signing, underscores our commitment to bringing our technologies, equipment and expertise to Lao PDR as well as our confidence in the country,” said Mr. Van Wersch. “Moving forward, we intend to assess how GE can also play a role in supporting the country’s healthcare sector development and we look forward to collaborating with like-minded partners to do this.”
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com
GE Energy Consulting
+1 518 385 5336