Nam Theun 2 Energy Firm handed over greater than USD 15 million in earnings taxes from its electrical energy manufacturing in 2023 to the Lao authorities. Moreover, the corporate has made an advance cost of over USD 3.8 million for the primary quarter of 2024.
The handover ceremony, held on 28 Might, was attended by Marc-Antoine Rupp, Chief Government Officer of Nam Theun 2, and Vanxay Phongsavanh, Governor of Khammouane Province.
Throughout the occasion, Rupp highlighted that this cost marks the primary vital contribution between Khammouane Province and Nam Theun 2 Energy Firm in the course of the 25-year concession interval, from 2010 to 2035. It’s anticipated that over this era, Nam Theun 2 will contribute roughly USD 2 billion to the Lao authorities by tax obligations, capital prices, and dividends to Lao shareholders.
Governor Vanxay expressed gratitude in direction of Nam Theun 2, emphasizing the corporate’s essential position in supporting Khammouane Province’s finances and contributing to Laos’ socio-economic improvement.
The Nam Theun 2 hydropower mission, with a capability of 1080 MW, commenced business operations in 2010 underneath a public-private partnership. The Lao authorities, by the Lao Holding State Enterprise (LHSE), holds a 25 p.c stake within the mission. The remaining shares are held by Electricité de France (EDF) at 40 p.c and Electrical energy Producing Public Firm Restricted (EGCO) at 35 p.c.
Yearly, Nam Theun 2 generates 6,000 GWh of electrical energy. Of this, 5 p.c is allotted to Laos, whereas the remaining 95 p.c to Thailand’s energy grids, in line with state media.
The development of the Nam Theun 2 mission necessitated the resettlement of roughly 6,300 people from 15 villages within the Nakai Plateau, Khammouane Province. In response, the mission has supplied resettlement communities with housing, neighborhood amenities, and livelihood packages in numerous sectors like fisheries, agriculture, livestock, forestry, and small companies to enhance their incomes.
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