Hydropower to boost listings on Lao stock exchange
Foreign investors keen to invest in up to planned 100 hydropower plants in Laos are the main target for newly listed shares on the Lao Securities Exchange (LSX) as it tries to increase the number of listed securities there.
Companies from Thailand, Vietnam, China and Russia have shown interest in new hydropower plant investment, and those that win bids from the Laotian government will be approached about listing, said Dethphouvang Moularat, chairman and chief executive of LSX.
Since its debut in 2011, three companies – EDL Generation, Banque Pour Le Commerce Exterieur Lao and Lao World – have listed on the LSX.
Dethphouvang projects the number of listed companies to increase from five in 2015 to 26 by 2020. Most of the potential firms are power-generating companies.
Foreign investors looking at investment opportunities in Laos are mainly electricity-generating companies, underscoring the country’s aims to be the “battery of Asia” by 2020.
The hydroelectric sector dominates investment in Laos with $4 billion the past few decades, the main driver of economic growth. The Laotian government forecast GDP growth of 7.5 per cent this year. World Bank research estimates Laos has the capacity to generate 20,000 megawatts of hydropower.
Foreign investors keen to invest in up to planned 100 hydropower plants in Laos are the main target for newly listed shares on the Lao Securities Exchange (LSX) as it tries to increase the number of listed securities there. Companies from Thailand, Vietnam, China and Russia have shown interest in new hydropower plant investment, and those that win bids from the Laotian government will be approached about listing, said Dethphouvang Moularat, chairman and chief executive of LSX. Since its debut in 2011, three companies - EDL Generation, Banque Pour Le Commerce Exterieur Lao and Lao World - have listed on...
Foreign investors keen to invest in up to planned 100 hydropower plants in Laos are the main target for newly listed shares on the Lao Securities Exchange (LSX) as it tries to increase the number of listed securities there.
Companies from Thailand, Vietnam, China and Russia have shown interest in new hydropower plant investment, and those that win bids from the Laotian government will be approached about listing, said Dethphouvang Moularat, chairman and chief executive of LSX.
Since its debut in 2011, three companies – EDL Generation, Banque Pour Le Commerce Exterieur Lao and Lao World – have listed on the LSX.
Dethphouvang projects the number of listed companies to increase from five in 2015 to 26 by 2020. Most of the potential firms are power-generating companies.
Foreign investors looking at investment opportunities in Laos are mainly electricity-generating companies, underscoring the country’s aims to be the “battery of Asia” by 2020.
The hydroelectric sector dominates investment in Laos with $4 billion the past few decades, the main driver of economic growth. The Laotian government forecast GDP growth of 7.5 per cent this year. World Bank research estimates Laos has the capacity to generate 20,000 megawatts of hydropower.
