A Dam Conundrum: Xayaburi Project Could Help Laos And Thailand, Hurt Cambodia And Vietnam
Officials in Laos announced that construction of the controversial Xayaburi dam will begin with a kickoff ceremony at the construction site Wednesday. Protests from human rights activists and environmental groups have delayed the project for 18 months, but the joint Laotian and Thai project is apparently too lucrative to put off any longer. The dam is nominally spearheaded by the Laos-based Xayaburi Power Company, but it is financed almost entirely by three Thai enterprises, according to Bloomberg: Ch. Karnchang Pcl (CK), PTT Pcl (PTT) and Electricity Generating Pcl (EGCO)….
