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Thai CH Karnchang in $2.6 bln Lao power deal

Wed Nov 26, 2008 9:59pm EST

BANGKOK, Nov 27 (Reuters) - CH Karnchang CK.BK, Thailand's second largest contractor, said on Thursday it had signed a deal with the Lao government to develop a 1,260 megawatt hydroelectric power station in a project worth about 90 billion baht ($2.6 billion).

The project in Xayaburi province involves 10 turbine units that would supply total output of about 7,400 GWh a year, the company said in a statement.

About 10 percent of the power generated would be reserved for local consumption in the Laos and the rest would be sold to the Electricity Generating Authority of Thailand, the statement said. ($1=35.28 Baht) (Reporting by Arada Therdthammakun; Editing by Alan Raybould)



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