The Lao press issue on December 15 reported that the country's electricity export value in 2022 increased by 7.5% compared to 2021, while the import value decreased by 72.7%.
Accordingly, in 2022, electricity exports have brought Laos a revenue of over $1.76 billion, while Laos only has to spend $18 million for imported electricity.
In 2023, the Lao government aims to produce 51,134 million kWh, equivalent to about Kip41,321 billion (about over $2.4 billion), an increase of 71.77% compared to 2022.
Laos is currently cooperating with Thailand, Vietnam, Cambodia, Singapore, and China in the purchase and sale of electricity and the government of this country will continue to negotiate and promote cooperation with neighboring countries, especially in exchanging electricity by "connecting the power grid" system with China, in order to solve the shortage of electricity in the dry season and excess power reserve in the rainy season.
According to the Lao Ministry of Energy and Mines, in the period 2021-2025, the country plans to produce 1,807 MW of electricity, of which hydroelectricity accounts for 57% of total output, coal-fired power 19%, and solar power 24%. By 2030, Laos plans to produce an additional 5,559 MW of electricity. Of these, hydropower will account for 77.59%, while the rest will come from solar, wind, and coal-fired power plants. It is estimated that Laos' solar power capacity ranges from 10,000 MW to 15,000 MW, while the wind power potential is estimated at 100,000 MW.
Laos currently has 90 power generation plants across the country, with a total installed capacity of nearly 11,000 MW, including 77 hydropower plants, 8 solar power plants, 4 biomass power projects, and 1 coal-fired power plant.