Posts Tagged ‘Electricity’

Infrastructure overspend: Laos electricity grid now owned by China Comments 0

Monday, September 14th, 2020
laos

For almost a decade, Laos has been warned that its extravagant spending spree on infrastructure carried enormous financial risks that threatened to undermine its sovereignty and efforts to raise living standards among the poor. Those warnings fell on deaf ears as Vientiane — hell-bent on becoming the “Battery of Asia” — borrowed heavily and built Read more