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Economy

ASEAN's first tripartite power trading deal set for launch

Laos to supply power to Malaysia through Thai grid from January

Officials from Laos, Malaysia and Thailand signed the landmark power trading deal in Manila on Wednesday.

KUALA LUMPUR -- Laos will begin supplying 100 megawatts of hydroelectric power to Malaysia through Thailand's grid from Jan. 1, four years after the idea was first mooted.

The 10 members of the Association of Southeast Asian Nations have identified 16 projects for implementation through $6 billion of investment under the ASEAN Power Grid initiative, most of which will be bilateral. The move is designed to boost energy security and meet future demand. 

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