The proposed Nam Theun 2 Hydroelectric Project includes the development, construction, and operation of
The plant would sell most of its production to Thailand, generating a secure, long-term flow of revenue for the Government of the Lao People’s Democratic Republic. This revenue would be an important source of funding for the government's efforts to sustain economic development based on its National Growth and Poverty Eradication Strategy and reduce poverty in Lao PDR.
The Nam Theun 2 Power Company Limited (NTPC) will develop the project on a build-own-operate-transfer (BOOT) basis for a concession period of 31 years, of which the operating period is 25 years. The project will be transferred to the Government of the Lao PDR free of charge at the end of the concession period.
NTPC is owned by a consortium comprising
NTPC and the Lao PDR government have comprehensively assessed and evaluated the potential social and environmental impacts of the proposed project.
The project has been designed in extensive consultation with affected people and international civil society. It is focused on avoiding and mitigating negative impacts, and includes compensatory provisions where impacts cannot be fully mitigated.
International agencies are providing funding and support to the project, including
These institutions are undertaking an extensive due diligence process to ensure the design and implementation of the project meet or exceed the safeguard compliance requirements of each institution.
ADB will support the project through
ADB's assistance also includes: