Laos - Is officially known as the Lao People's Democratic Republic. Laos is an Asian Country and is completely surrounded by other countries and shares borders with Burma (Myanmar), China, Vietnam, Cambodia, and Thailand. Laos gained it's independence in 1949 from the French. A recent discovery of bauxite reserves was made in the south of Laos which could be among the largest in the world. A Chinese company has contracted to build an aluminum smelting plant there for approximately $3 billion USD. Moreover, the country's plentiful water resources and mountainous terrain enable it to produce and export large quantities of hydroelectric energy. With hydro potential of approximately 30,000 megawatts, only 600 megawatts have been developed so far. Surrounded by energy hungry neighbors, the country is deemed to be the "Kuwait" of Southeast Asia. This natural resource wealth essentially secures the country's economic future and will provide a significant boost to government revenue.
Sunday, January 4, 2009
Laos
Laos - Is officially known as the Lao People's Democratic Republic. Laos is an Asian Country and is completely surrounded by other countries and shares borders with Burma (Myanmar), China, Vietnam, Cambodia, and Thailand. Laos gained it's independence in 1949 from the French. A recent discovery of bauxite reserves was made in the south of Laos which could be among the largest in the world. A Chinese company has contracted to build an aluminum smelting plant there for approximately $3 billion USD. Moreover, the country's plentiful water resources and mountainous terrain enable it to produce and export large quantities of hydroelectric energy. With hydro potential of approximately 30,000 megawatts, only 600 megawatts have been developed so far. Surrounded by energy hungry neighbors, the country is deemed to be the "Kuwait" of Southeast Asia. This natural resource wealth essentially secures the country's economic future and will provide a significant boost to government revenue.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Please feel free to leave comments. If you are requesting to submit content or become a contributing writer, please use email on home page top.