Korea Western Power along with Doosan Heavy Industries & Construction have signed a memorandum of understanding for a partnership in the development of the 728MW Phou Ngoy hydropower plant on the Mekong River in Laos. Charoen Energy and Water Asia were also involved in the earlier agreement with the Lao People’s Democratic Republic to develop Phou Ngoy and brought in Korea Western Power as a partner. Korea Western Power is a subsidiary of Korea Electric Power. Under the Memorandum of Understanding signed on November 30, Korea Western Power and Doosan Heavy will jointly develop the Phou Ngoy hydropower plant, as well as cooperate in the local manufacturing of key equipment for hydropower plants and the development of sales routes for exporting the products. Phou Ngoy hydropower plant will be built in Pakse, in the Southern Laos province of Champasak. The project has been estimated to cost US$2.4 billion. It is going to be constructed under a build-operate-transfer model. Under the