World Bank Go-Ahead For Controversial Dam

June 2005
Asia Monitor: South East Asia Monitor Volume 1;Jun2005, Vol. 16 Issue 6, p7
Country Report
Country Report
The article reports that in March the World Bank's executive board voted in favor of providing a 50mn U.S. dollar partial risk guarantee for the 1.3bn U.S. dollar Nam Theun II hydroelectric power project. Without the risk guarantee, the project could not go ahead because the guarantee is needed for the project to secure commercial backing. However, the project has faced intense opposition from environmental and human rights groups. The plan is to start construction work in May 2005. Completion is scheduled for 2009. Most of the electricity generated by the dam will be exported to Thailand. The government hopes to develop a further nine hydroelectric power projects by 2020.


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