SK E&C engaged in all-out effort to respond to dam failure in Laos
SEOUL, July 25 (Yonhap) -- SK Engineering & Construction Co., a South Korean builder, said Wednesday it will commit all available resources to responding to the flooding in southeastern Laos, which was caused by the partial collapse of one of its dams.
One of five auxiliary dams in the Xepian-Xe Nam Noy hydropower dam, in Attapeu province, reportedly gave way late Monday, flooding seven nearby villages and displacing more than 6,600 people. A number of people appear to have been killed or gone missing, according to local media reports.
On Tuesday, SK E&C formed a crisis management team to handle the disaster. President Ahn Jae-hyun and senior company officials left for the Southeast Asian country to try to determine the scope of the damage and to support rescue operations there.
"If there are any new developments in the rescue and restoration efforts in the Southeast Asian country, we will release a statement immediately," a company spokesman said.
SK E&C has a 26 percent stake in the US$1.02 billion Xepian-Xe Nam Noy project, followed by Korean Western Power with a 25 percent stake, the Ratchaburi Electricity Generating Holding Public Co. Ltd of Thailand with a 25 percent stake and the Lao Holding State Enterprise with 24 percent, the builder said.
The project calls for the building of two main dams and five auxiliary dams in Attapeu by February 2019. The fifth auxiliary dam was under construction with other building work having been completed, it said.