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BANGKOK, Oct 25 - The state-run Electricity Generating Authority of Thailand (EGAT) Thursday signed a memorandum of understanding (MoU) with the Nam Thuen-Hinboun Power Co of Laos to buy more electricity from the land-locked country at Bt1.82 per unit.
The MoU was signed by Kraisri Karnasutra, governor of EGAT, and Viraphonh Viravong, director-general of Laos' Department of Energy Promotion and Development.
Under the agreement, production at the plant will be doubled to 440 MW from the present 220 MW, and an expanded electricity production could be generated from March 2012.
Upon completion, the company could supply about 2,572 million units of electricity annually to Thailand, sufficient for the demand of people in the Northeast.
The Laotian company has been selling electricity to EGAT since March 31, 1998.
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