Laos Suspends Power Supply to Cryptocurrency Mining Businesses

Electricite du Laos (EDL) has announced that it will no longer supply electricity to cryptocurrency mining operations in Laos, citing long-term outstanding debts.

The notice, issued by EDL on Wednesday, states that Laos experienced drought conditions during the first six months of 2023, with extreme heat causing high electricity demand, while hydropower plants struggled to generate enough electricity.

According to EDL, 95% of the nation’s electricity is generated by hydropower plants through the Electricite du Laos system, and the state-run power company intends to supply electricity locally, as well as export large volumes to the Electricity Generating Authority of Thailand (EGET) to supply the Thai power grid through the upcoming dry season in 2024.

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Manyphone Vongphachanh