Active Mixed AidData Chinese Aid

ICBC provides $234 million loan for 135MW Nam Bi Hydropower Construction Project

$234M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Nam Bi Power Company
Country	Lao People's Democratic Republic
Start Date	Jan 01, 2015
End Date	Aug 09, 2026
Duration	4,238 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62836`

Grant Description

ICBC provides $234 million loan for 135MW Nam Bi Hydropower Construction Project On November 18, 2015, Nam Bi Power Company — a joint venture owned by EDL-Generation Public Company (80% ownership stake) and Chanthavone Bridge and Road Construction and Maintenance Company Limited (20% ownership stake) — and Power China Chengdu Engineering Corporation Limited signed an EPC contract worth $275,948,995 for the 135MW Nam Bi Hydropower Construction Project.

ICBC provided a $234 million commercial loan — with a 15-year maturity — to Nam Bi Power Company to finance approximately 85% of the cost of the EPC contract.

The purpose of the Nam Bi Hydropower Construction Project is to construct a hydroelectric power plant with in Blongngai village within Darkjueng District and Sekong Province.

Upon completion, the Nam Bi hydropower plant is expected have a total installed capacity of 135MW which will be able to produce 680 GWh per year to Électricité du Laos (EDL) to distribute domestically. The project is to be implemented on a build-operate-transfer (BOT) basis.

Nam Bi Power Company holds a concession on the Nam Bi hydropower plant and after the end of the term of the concession agreement, the plant will be transferred back to the assets of the Lao government.

On October 28, 2016, Nam Bi Power Company Limited signed a Project Development Agreement (PDA) For Nam Bi 1-2-3 Hydroelectric Power Project in Sekong Province with Government of Lao PDR. However, AidData has not identified any evidence of project implementation.

📋 Staff Comments

This project is also known as the Nam Bi 1-2-3 Hydroelectric Power Plant Construction Project. The Chinese project title is 老挝南碧水电站项目.
Électricité du Laos (EDL) is the state corporation of Laos that owns and operates the country's electricity generation, electricity transmission and electricity distribution assets. The company also manages the import and export of electricity from the national electricity grid of the country. EDL-Generation Company Limited (EDL-Gen) was incorporated in 2010 and operates as a subsidiary of Electricite Du Laos.”

📚 Sources & References

Contract Agreement Signing Ceremony of Nam Bi Hydropower Construction Project
Signing Ceremony of Project Development Agreement For Nam Bi 1-2-3 Sekong Province, between Government of Lao PDR and Nam Bi Power Company Limited
成都勘测设计研究院有限公司与老挝电力公司签订南碧梯级电站排他性EPC谅解备忘录
LS HORIZON LIMITED-THERE IS ALWAYS A SOLUTION
我商贷支持的老挝南碧水电站项目举行总承包合同签约仪式
我商贷支持的老挝南碧水电站项目举行总承包合同签约仪式
LAO PEOPLE’S DEMOCRATIC REPUBLIC PEACE INDEPENDENCE DEMOCRACY UNITY PROSPERITY INVITATION LETTER
The signing ceremony of the general contract of the Nambi Hydropower Station Project in Laos supported by our business loan
EDL-Generation Public Company The First Semi-Annual Report
The signing ceremony of the general contract of the Nambi Hydropower Station Project in Laos supported by our business loan
The signing ceremony of the general contract of the Nambi Hydropower Station Project in Laos supported by our business loan
Nam Bi Dams Hydropower Info by Hobo Maps
Signing Ceremony of Project Development Agreement For Nam Bi 1-2-3 Sekong Province, between Government of Lao PDR and Nam Bi Power Company Limited Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Nam Bi Power Company

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