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LOANS & CREDITS

Lao PDR: Nam Theun 2 Hydroelectric Project

March 31, 2005



IDA CREDIT AMOUNT: $50 million

TERMS: Grace period = 10 years; Maturity = 40 years

PROJECT DESCRIPTION: The Nam Theun 2 Hydroelectric (NT2) Project seeks to generate revenues for poverty reduction from the environmentally and socially sustainable development of the Nam Theun 2 dam. Revenues from the sale of power to Thailand will enable spending on basic health and education to rise by as much as 25 to 30 percent in the project’s first year of operation. The project includes the construction of a dam that will provide 995 MW power for export to Thailand, and an additional 75 MW for domestic use; management of environmental and social impacts on the Nakai Plateau, in the NT2 watershed, and in the downstream areas of the Nam Theun and Xe Bang Fai (XBF) rivers; and, monitoring and evaluation arrangements designed to meet sound engineering practices, fiduciary responsibilities, and the respective oversight requirements of the various financial institutions.

 


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