Page 54 - வாஷிங்டன் அடிப்படையிலானது மையம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Explained: North Korean missiles getting more agile and evasive
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Philippines Military Orders Ships Deployed to South China Sea
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The Big Debate: Africa s post-COVID19 recovery will be a marathon, not a race | United Nations Economic Commission for Africa
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North Korea fires unidentified projectile into sea, South says
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Earlier this week, the government of Laos and a majority Chinese-owned company signed a 25-year concession agreement that allows the company to build and manage a large part of the country’s power grid.
According to a report by Radio Free Asia’s Lao service, the company, Electricite du Laos Transmission Company Ltd. (EDLT), will invest $2 billion in the Lao power grid and will manage large parts of it for a period of 25 years, after which they will be ceded to the Lao government.
EDLT was created last September as a joint venture between the state power company Electricite du Laos (EDL) and the China Southern Power Grid Company, in which China Southern held a majority of shares. The company was formed after the Lao government found itself swamped by rising debt levels amid the economic downturn of the COVID-19 pandemic.