Thai power supplier Ratchaburi Electricity Generating Holding and two South Korean firms, SK Construction and Korea Western Power, are involved in the consortium, reports Straits Times.
The Electricity Generating Authority of Thailand (EGAT) will sell electricity from the plant across Thailand. The plant will cost the consortium around 900 million US dollars.
The plant will be located at Senamnoi in southern Laos and will be able to generate up to 390 megawatts. Construction will begin in 2013.
”We hope the new project will help create new jobs and eventually expand much-needed energy infrastructure in Laos,” an SK Construction spokesman said.
The consortium is planning to run the power plant for 27 years.