Électricité du Laos (EDL) has stepped up a wide-ranging reform program to stabilize its finances and lower electricity costs.
The move also aims to improve efficiency as state-owned enterprises face growing pressure to cut losses and perform better.
At a meeting of the State Enterprise Reform Committee on 17 December, EDL Managing Director Akhomdeth Vongsay outlined the utility’s main focus areas.
He said the company is working on organizational restructuring, debt management, and renegotiating power purchase prices to ease long-standing financial pressure and provide more reliable service to households and businesses.
The reforms come as fully state-owned enterprises reported combined losses of more than LAK 2,358 billion (USD…