| 楼NO.8331 发布时间：2025/6/2 13:05:41 |
Hello! This is kind of off topic but I need some guidance from an established blog.
Is it hard to set up your own blog? I'm not very techincal but I can figure things out pretty quick.
I'm thinking about setting up my own but I'm not sure where to
begin. Do you have any ideas or suggestions? Many thanks
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| 楼NO.8332 发布时间：2025/6/2 13:03:20 |
PowerChina unit claims $555 mln in unpaid dues
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EdL has yet to respond to the filing
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Case relates to Laos' Nam Ou hydropower project
March 5 (Reuters) - Nam Ou Power, a unit of state-owned Power Construction Corp of China, has sued Laos utility Electricite du Laos
in Singapore for $555 million in unpaid dues from a hydropower project it operates, an arbitration filing reviewed by Reuters shows.
EdL has yet to respond to the filing, according to a
source familiar with the case, who also said that it was the first instance of international arbitration by
a Chinese state-run entity against a Laos government-run firm.
The person declined to be identified as the matter is not
public. Details of the case are being reported for the first
time.
The unpaid dues claimed arise from electricity generated from the $2.73 billion Nam Ou River Cascade Hydropower project, according to a filing
with the Singapore International Arbitration Centre.
The Nam Ou project, one of Laos' largest that accounts
for 7% of the country's 18 gigawatts of hydropower capacity, is a part of China's Belt and Road Initiative to build trade and transport links across Asia and beyond.
Western critics have said significant investments by China in countries struggling to repay
loans have helped it to gain a strategic advantage, which China rejects.
PowerChina and EdL did not immediately respond to requests seeking
comment. Wong & Leow, a law firm representing Nam Ou Power,
declined comment.
Operated by Nam Ou Power, part of PowerChina, the hydroelectric project has a capacity of
1.27 gigawatts from its seven cascades along
350 km (217 miles) of river in the landlocked, mountainous country of nearly eight million people.
China's foreign ministry, energy regulator and commerce ministries also did not respond to requests seeking comment.
INVESTING IN HYDROPOWER
Laos has spent heavily on hydroelectric schemes, many financed by its northern neighbour
China, with the aim of becoming "the battery of Southeast Asia" by exporting electricity to neighbouring countries.
Those projects, along with a Chinese-built high-speed railway have caused high
levels of debt.
In its filing last month with the Singapore International
Arbitration Centre, PowerChina said EdL owed it $486.27 million in dues plus interest it estimates at $65.79
million. The claims are associated with monthly invoices made between January 2020 and December
2024.
The total is equivalent to about 4% of Laos' gross
domestic product. EdL ceded majority control of its transmission unit to state-owned China Southern Power
Grid Co in 2020, as mounting debt, combined with the impact of the COVID-19 pandemic strained public finances and pushed Laos to
the brink of a sovereign default.
Nam Ou, in the same filing, claimed damages of $3.02 million for EdL predominantly paying
its dues using the Lao kip currency, while the agreement had stipulated that
85% of the payments be made with the U.S. dollar.
Laos has struggled with hyperinflation and fast depleting foreign exchange reserves since the pandemic,
with the value of the Lao kip plunging nearly three-fifths over the last five years.
(Reporting by Reuters staff; Editing by Sharon Singleton and Barbara Lewis)
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| 楼NO.8333 发布时间：2025/6/2 12:57:44 |
Have you ever thought about adding a little bit more than just your articles?
I mean, what you say is important and everything.
But imagine if you added some great images or video clips
to give your posts more, "pop"! Your content is excellent but with pics
and video clips, this blog could definitely be one
of the most beneficial in its field. Wonderful blog!
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| 楼NO.8334 发布时间：2025/6/2 12:55:45 |
If you like blue film in Hindi, after that you've concerned the ideal place.
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| 楼NO.8335 发布时间：2025/6/2 12:51:33 |
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