EDL meaning in Governmental ?

Answer: What is Électricité du Laos mean?

Électricité du Laos (EDL) is the state corporation of Laos that owns and operates the country's electricity generation, electricity transmission and electricity distribution assets. The company also manages the import and export of electricity from the national electricity grid of the country. EDL was founded in 1959 and is headquartered in Vientiane.

In July 2010, the International Finance Corporation loaned $15 million to Electricite du Laos for the expansion of electricity networks and substations in rural areas of Laos. The company has also received debt financing from the Asian Development Bank.

By 2020, the government expects to provide electricity to 90 percent of Lao households.

In September 2020, Reuters reported that the Électricité du Laos and the China Southern Power Grid Company (CSPGC) established the joint venture Electricite du Laos Transmission Company Ltd (EDLT) that has control of the country's power grid, as well as the rights to purchase and sell power in Laos to stave off a debt default to the Chinese government. The CSPGC owns a majority share of the EDLT, but the Lao and Chinese governments have made a written agreement in which the Lao government will gradually buy Chinese shares back. A Lao official from the Ministry of Energy and Mines reasoned that the "The new company will connect the [EDL and China Southern] power grids together. It’s all about capital. It is necessary to join the two grids".

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