The Asian Development Bank (ADB) will provide a $465m loan for the construction of a 440MW Nam Ngum 3 hydro power plant in Thailand.
The Nam Ngum 3 comprises a 220m high damn that will create a 27.5km2 reservoir and will provide 2,072GW hours of clean energy annually.
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The facility is expected to reduce one million tonnes of carbon dioxide emissions every year.
The $1bn plant will be operated by Nam Ngum 3 Power Company for 27 years and will be operational in 2017.
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