Deal #6602

Hongsa Power Plant and Mining Project

"The Hongsa project is a coal plant and mining project in Xayaboury Province, Laos, that includes a lignite coal mine, an 1878MW coal-fired power plant, a limestone quarry and two dams. The coal-fired power plant is the first in Laos and the lignite mine is one of the largest in Southeast Asia." from: https://earthrights.org/what-we-do/extractive-industries/hongsa-power-plant-and-mining-project/ Ratch holds a 40% stake in the Hongsa power plant, with 40% held by Banpu and the government holding the remainder. Source: Bangkok Post According to the Hongsa Power website, "A total finance package worth US$3.71 billion in capital commitments to HPC was proportionately contributed by 9 Thai commercial banks – namely, Bangkok Bank, Siam Commercial Bank, Krungthai Bank, Government Savings Bank, Kasikornbank, Export-Import Bank of Thailand, Bank of Ayudhya, Thanachart Bank, and TMB Bank. Source: Global Energy Monitor