Skip to content
AidData logo

Overview

ICBC provides $234 million loan for 135MW Nam Bi Hydropower Construction Project

Commitments (Constant USD, 2023)$244,810,421
Commitment Year•2015Country of Activity•Lao People's Democratic RepublicDirect Recipient Country of Incorporation•Viet NamSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2015
Last repayment (originally scheduled)
Dec 28, 2029

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

  • Industrial and Commercial Bank of China (ICBC)

Receiving agencies

Joint Venture/Special Purpose Vehicles

  • Nam Bi Power Company

Implementing agencies

State-owned companies

  • Électricité du Laos (EDL)
  • Sinohydro Corporation Limited

Loan desecription

ICBC provides $234 million loan for 135MW Nam Bi Hydropower Construction Project

Interest type•UnknownMaturity•15 years

Narrative

Full Description

Project narrative

On November 18, 2015, Nam Bi Power Company — a joint venture owned by EDL-Generation Public Company (80% ownership stake) and Chanthavone Bridge and Road Construction and Maintenance Company Limited (20% ownership stake) — and Power China Chengdu Engineering Corporation Limited signed an EPC contract worth $275,948,995 for the 135MW Nam Bi Hydropower Construction Project. ICBC provided a $234 million commercial loan — with a 15 year maturity — to Nam Bi Power Company to finance approximately 85% of the cost of the EPC contract. The purpose of the Nam Bi Hydropower Construction Project is to construct a hydroelectric power plant with in Blongngai village within Darkjueng District and Sekong Province. Upon completion, the Nam Bi hydropower plant is expected have a total installed capacity of 135MW which will be able to produce 680 GWh per year to Électricité du Laos (EDL) to distribute domestically. The project is to be implemented on a build-operate-transfer (BOT) basis. Nam Bi Power Company holds a concession on the Nam Bi hydropower plant and after the end of the term of the concession agreement, the plant will be transferred back to the assets of the Lao government. On October 28, 2016, Nam Bi Power Company Limited signed a Project Development Agreement (PDA) For Nam Bi 1-2-3 Hydroelectric Power Project in Sekong Province with Government of Lao PDR. However, AidData has not identified any evidence of project implementation.

Staff comments

1. This project is also known as the Nam Bi 1-2-3 Hydroelectric Power Plant Construction Project. The Chinese project title is 老挝南碧水电站项目. 2. Électricité du Laos (EDL) is the state corporation of Laos that owns and operates the country's electricity generation, electricity transmission and electricity distribution assets. The company also manages the import and export of electricity from the national electricity grid of the country. EDL-Generation Company Limited (EDL-Gen) was incorporated in 2010 and operates as a subsidiary of Electricite Du Laos.”