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Deal #272 Version #45785

Lao PDR

Created at

2013-02-15

Last update

2021-04-28

Last full update

2024-07-15

Land area

Size under contract (leased or purchased area)

[2010-01-01] 50000.0 ha
[2017-01-01, current] 24000.0 ha

Size in operation (production)

[2010-01-01] 22434.0 ha
[2018-01-01, current] 24000.0 ha
[2017-01-01] 24000.0 ha

Comment on land area

According to the company website, it has approximately 24,000 hectares of lease area in Bolikhamxay and Khammouane provinces under a concession agreement.

Intention of investment

[current] For carbon sequestration/REDD, Conservation

Comment on intention of investment

Oji Paper wants to get REDD funding for its plantations in Laos.

Nature of the deal

Concession

Negotiation status

Concluded (Contract signed)
[2017-04-01, current] Concluded (Change of ownership)

Comment on negotiation status

Previous owner, Oji Paper Co. Ltd, sold the project to New Forests Asia in 2017.

Implementation status

[2005-01-01, current] In operation (production)

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Comment on contract farming

MTP website: MTP and IFC have jointly developed a 2-year program to address the structural issues with the existing Outgrower Scheme (“OGS 1”), established in 2005 by the previous management company. The program aims to assess the current system and undertake a comprehensive redesign, developing “OGS 2”.