Regulatory Complexities To Be Addressed At Mekong Power Summit Attract Foreign Participants

Regulatory complexities, power trade developments and mega power projects will be addressed by Senior Officials at Mekong Power Summit on 4-5 June 2009.

(PRWEB) May 25, 2009 -- Mekong Power Summit is set to take off on 4-5 June 2009 in Ho Chi Minh City featuring a panel of power experts in this region. The summit is organized in view of the ever-growing demand for more electricity resulting from rapid economic growth of Vietnam, Cambodia, Laos, Thailand and Myanmar.

Senior officials fromVietnam's Ministry of Industry & Trade, Thailand's Energy Regulatory Commission and Cambodia's Ministry of Industry, Mines and Energy will announce their plans to meet this rising demand for power and share with the private developers on how to tackle government subsidies and tariff issues.

With the cross border alliances and power trade developments within these countries, the power sector is set to attract more investments into this region.

In a recorded interview with Mr. Robert Fitzgibbons, Senior Counsel at DFDL Mekong, Mr Fitzgibbons refers to the many opportunities for power sector investment in the region in saying, "There's obviously a great market for power sector projects. The Thai market will rebound, and the Vietnamese market is still strong. There will be tremendous opportunities in not only power projects, but also power transmission facilities."

An Energy & Utilities lawyer with over 30 years of industry experience, Mr Fitzgibbons is intimately acquainted with the regulatory complexities, having assisted both the Vietnamese and Cambodian government craft their respective electricity laws and reforms. As a preview to the Summit, the interview has been released for download(http://www.cmtevents.com/eventposts.aspx?feedid=277&ev=090627&).

With recent announcements of Laos, selling its first foreign-currency bonds to finance electricity projects to the million dollar wind-powered and hydropower projects throughout Vietnam that were awarded to various foreign investors like Cavico, Aerogies.plus and Janakuasa, the Mekong region's thrust to meet its power needs is inevitable.

One of the mega projects that will be presented at Mekong Power Summit is the Xayaburi Hydropower Project 1260MW, developed to power Thailand & Laos. Mr Somkuan Watakeekul, Managing Director of South East Asia Energy will be presenting this project worth approximately USD2.8 billion and which will be ready for commission in 2011.

Mekong Power Summit offers companies that are involved or interested in the power industry in the Mekong first-hand information critical to maximize the benefit from any investment or project development in the region.

For futher information on Mekong Power Summit, please visit www.cmtevents.com.

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