Deal #6598
Lao PDR
Created at
2015-10-29
Last update
2022-09-22
Last full update
2022-09-22
Operating Company
Operating company
Actors involved in the negotiation / admission process
- Lao Holding State Enterprise Government / state institutions (government, ministries, departments, agencies etc.)
- Economic Development Cooperation Fund Other
Name of investment project
Xe Pian Xe Namnoy Hydroelectric Power Project
Comment on investment chain
The hydroelectric project, which was estimated to cost $1.02bn, was the first build-operate-transfer (BOT) ever undertaken by the Korean companies in Laos. TThe Xe Pian Xe Namnoy project is the first major power investment in Laos by South Korean sponsors SKE&C and KOWEPO. The project achieved financial closure in February 2014 and is financed through 70% debt and 30% equity. Debt financing of approximately $737.5m is provided by a syndicate of Thai financial institutions, including the Bank of Ayudhya (BAY), the Export-Import Bank of Thailand (EXIMBANK), the Krung Thai Bank (KTB) and the Thanachart Bank (TBank).
Lao Holding State Enterprise owns 24% stake in this project
[Source: XPXN Accountability]
The Xe-Pian Xe-Namnoy hydropower project is a Public-Private Partnership (PPP) project funded by the Korean Export-Import Bank’s Economic Development Cooperation Fund (EDCF), which provided 95.5 billion won (81.1 million USD).
[Source: International River]
Network of parent companies and tertiary investors/lenders
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