Deal #6550

Lao PDR
Created at
2015-01-26
Last update
2023-10-24
Last full update
2023-10-24

Land area

Intended size
0 ha

Intention of investment

Intention of investment
  • [current] Renewable energy unspecified
Comment on intention of investment
Nam Phouan hydropower project, installed capacity: 52 MW

Nature of the deal

Nature of the deal
Concession
Comment on nature of the deal
Nam Phuoan is listed as one of the power concessions of Velcan Holdings in their website.

Negotiation status

Negotiation status
  • [2010-09-01] Intended (Memorandum of understanding)
  • [2014-05-01] Concluded (Oral Agreement)
  • [2015-09-01, current] Concluded (Change of ownership)
Comment on negotiation status
Memorandum of Understanding (MoU) signed in September 2010, Project Development Agreement (PDA) signed in May 2014. The project was successfully divested to an Asian private investor in September 2015.

Implementation status

Implementation status
  • [2022, current] Startup phase (no production)
Comment on implementation status
It was planned as a 52.8 MW project but has not started or progressed and it seems to be inactive in 2022.

Purchase price

Comment on purchase price
The cost of the project investment is about 1.2 trillion kip (US$150 million).