Lao PDR Unveils New Hydro Power Project
Lao People's Democratic Republic's (Lao PDR) has unveiled its largest hydropower facility, Nam Theun 2, which will aid in the Southeast Asian country’s growth and development. Over 90% of the electricity generated by the project is being sold to Thailand, providing Lao PDR with a $2bn r
Lao People’s Democratic Republic’s (Lao PDR) has unveiled its largest hydropower facility, Nam Theun 2, which will aid in the Southeast Asian country’s growth and development.
Over 90% of the electricity generated by the project is being sold to Thailand, providing Lao PDR with a $2bn revenue stream over the next 25 years.
Nam Theun 2 will generate 35 times less greenhouse gases than a coal-fired power plant of equivalent size, and the biodiversity conservation area will help sequester an additional 40-60 million tons of CO2 emissions.
For the $1.43bn project, over $60m has been invested in downstream water quality management.
The Asian Development Bank has provided $120m for the project and 27 various financing institutions have supported the project, including the World Bank, the European Investment Bank, and Agence Francaise du Developpement.
The Nam Theun 2 Power Company is jointly owned by Electricite de France International, Electricity Generating Public Company (Thailand), and the Government of Lao PDR.