Nam Theun I

Active

Prospective

The project entails the design, construction, development, financing and operation of Nam Theun I Hydro power plant located in Nam Kading River, Bolikhamxay Province. The total capacity of the power facility is 650 MW. Nam Theun 1 Power Company Limited is the special purpose vehicle created by the sponsors for the execution for the project. This will be the first cross-border project where a non-governmental Lao company is involved as a sponsor (Phonesack Group). EGCO Group hold 25% stake while Phonesack Group Co.,Ltd. and EDL-Generation Public Company (EDL-Gen) retain 60% and 15% respectively. Electricity will be sold to Electricite du Laos and exported to the Electricity Generating Authority of Thailand (EGAT) in Thailand. On September 23, 2017, NT1PC entered into PPAs with EGAT and EDL to supply 514.3 MW power to EGAT and additional 130 MW to EDL for 27 years starting from the commercial operation date in 2022. Total investment cost is estimated at $ 1.3 billion. Total debt amounts to $934.5 million (or THB 30,800 million) provided by commercial banks. Four banks provided the debt funding - Bangkok Bank ($374 million), Export-Import Bank of Thailand ($93.3 million), The Siam Commercial Bank ($374 million) and TISCO Bank Public ($93.2 million). Equity contribution by the sponsors amounts to $365.5 million on a pro rata basis among the sponsors. Hence, debt to equity of 72:28. Financial closure was achieved in December 2017. PHONESACK GROUP to be added as sponsor with 60%.

Energy

Laos

World Bank Group

Project

Automotive, Commercial, Hydro, Power Generation (CCGT), Manufacturing (Industrial), Government