Nam Theun 2 begins full supply to Thailand

17 March 2010

The project’s four export production turbines began supplying the Electricity Generating Authority of Thailand (EGAT) with 1000MW of electricity at commercial tariff on 15 March. This supply to the Thai grid comes as power demand in Thailand approaches its seasonal peak. Electricity is also now available to the Lao state utility, Electricité du Laos.

Nam Theun 2 has been designed as a multipurpose project that aims to contribute to local and regional development, reduce poverty, and provide a renewable and clean energy source. Project operator, the Nam Theun 2 Power Company (NTPC), is co- owned by Electricité de France (with a 35% shareholding), the Lao government (25%), the Electricity Generating Public Company of Thailand (25%), and Italian-Thai Development (15%).

NTPC has a 25-year concession as owner of the project, during which time the Lao government will accrue royalties, dividends and taxes estimated at over US$2B.

After the concession period, Nam Theun 2 will be fully owned by the Lao state.

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