Recently, POWERCHINA and the representative of the Thai government, the Electricity Authority of Thailand (EGAT), officially signed a memorandum of understanding on the electricity price of the Laos Balai Hydropower Station Project, marking a major breakthrough in the electricity sales of the Balai project in Thailand, and the development of the project has entered into full swing. New stage!

The signing of the memorandum of understanding on electricity price is the foundation of the project's electricity consumption and electricity fee income. The Memorandum of Understanding on Electricity Tariff in Balai has been reviewed by Thailand Energy Regulatory Commission (ERC), Thailand Cross-border Electricity Purchasing Sub-Committee (S-ECTN), Thailand Ministry of Natural Resources and Environment (MOE) and other government agencies, and finally passed Thailand's National Energy Policy Commission (NEPC) approval.

After more than ten years of wind and rain, Yuru Yucheng has been brilliant. The company has been tracking the Balai project since 2007. After 14 years of development, after obtaining the approval of the Lao government for the feasibility study report and the EIA report, it has successfully passed the compliance review of the international consulting agency and the public hearing procedure of the Mekong River Commission.

Those who share the same desires from top to bottom win, and those who share the same boat through wind and rain prosper. Under the guidance of the company's strategy, the project development team sticks to the bottom line, overcomes the epidemic, innovates methods, and continuously conducts solid and effective negotiations through formal meetings, informal talks, video exchanges, etc., to promote the agreement to reach a win-win solution.

As an important energy investment project under the "Belt and Road" initiative, after the Balai project is put into operation, it will comprehensively enhance Laos' power export capacity and continuously strengthen the regional cross-border power interconnection cooperation between China, Laos and Thailand. Under the guidance of "Haitou Philosophy", the Ballet project will surely ride the wind and waves, and write a new chapter! (Please indicate Seetao.com www.seetao.com for reprint) Seetao.com Engineering Column Editor/Wang Xia