Dam Boost To Lao Economy

February 2004
Asia Monitor: South East Asia Monitor Volume 1;Feb2004, Vol. 15 Issue 2, p7
Country Report
Country Report
In what should be a major boost to the Lao economy, Thailand has finally agreed to buy more electricity from the country. After more than a decade of negotiations, the Electricity Generating Authority of Thailand finally reached an agreement in November with the developers of the Nam Theun 2 Hydropower project in Laos to buy 995MW of electricity over 25 years in a deal expected to be worth US $5bn. Nam Theun Power Co., the consortium building the dam, now has 18 months to secure financing, which will, in turn, need the approval of the World Bank to provide loan guarantees for the US $1.2bn scheme.


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