The US$1 billion Nam Theun 1 hydroelectric power project has reached financial close. The project is being developed by Phonesack Group. Co. Ltd. and Electricity Generating Public Company Limited (EGCO) and involves the construction of a 670 MW hydroelectric plant on the Nam Kading River, about 33 km upstream from its confluence with the Mekong River in the Borikhamxai province of Laos.
Energy Finance & Investment News in Laos
The Asian Development Bank (ADB) has signed a loan equivalent of up with US$235 million to B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).
Mega First has entered into binding agreement with several financial institutions for a total of US$150-million financing for the the 260 MW Don Sahong hydropower project in Laos.
Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.
GDF Suez has closed refinancing for the 150 MW Houay Ho cross-border hydropower project located in the Lao People’s Democratic Republic.
The Japan Bank for International Cooperation signed on September 3 a loan agreement totaling up to US$34.5 million with the Government of Lao PDR to enable the government to invest in Nam Ngiep 1 Power Company Limited (NNP1) through Lao Holding State Enterprise (LHSE), a state enterprise owned by the Government of Lao PDR. The loan will finance portion of equity the state had to add to the project.
The Asian Development Bank (ADB) is supporting a 290-megawatt hydropower project in the Lao People’s Democratic Republic (Lao PDR) under a public-private partnership arrangement.