VIENTIANE (Vientiane Times/ANN) – The Laos-Korea Energy Experts Joint Workshop, with the theme “Cooperation in the Power Sector”, was held in Vientiane yesterday as part of efforts to boost energy cooperation.
The workshop was supported by the Korea Energy Economics Institute (KEEI), Research Institute of Energy and Mines (RIEM), and the Korea Trade-Investment Promotion Agency (KOTRA) office in Vientiane.
The event was designed as a platform where energy experts could share knowledge and experiences to further advance energy cooperation between the two countries, particularly in power systems and new energy industries.
In his keynote opening address at the workshop, the Lao Deputy Minister of Energy and Mines, Dr Sinava Souphanouvong, said energy is essential for meeting people’s basic needs and also vital for fuelling economic development.
The increase in population and economic growth have resulted in increased energy consumption at a time when liquid fossil fuel reserves are declining and may continue to lessen over the next few decades.
“Many countries have recognised the importance of renewable energy and have undertaken technology research and development, and have set goals for development in the effective use of renewable energy resources,” he said.