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Nam Theun 2 Shareholders Consolidate Holding
EDF and EGCO buy up Nam Theun 2 shares from Ital-Thai
The shares were sold by the Italian-Thai Development Public Company, which has divested its entire holding in NTPC. NTPC shares are now divided between EDFi (40%), EGCO (35%) and the Lao Holding State Enterprise, with 25%.
NTPC was founded to develop, own and operate the Nam Theun 2 Multi-Purpose Project. The Project features a 1,070 MW Hydropower Station and a broad range of social and environmental programmes designed to boost development through public-private partnership, mainly in Khammouane province of Laos.
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The Nam Theun 2 Power Company (NTPC) is the developer and operator of the Nam Theun 2 Multi-Purpose Project in the Lao PDR. The Project is a public-private partnership designed to generate electricity for export to Thailand and domestic use in Laos. Revenues accruing to the Lao government during NTPC's concession period, estimated at over US$2 billion, are to be used to fund poverty alleviation in the country. Nam Theun 2 is structured as an industrial and a development Project, placing great emphasis on protection of the environment and sustainable social programmes to improve the livelihoods of people in the Project area. After 25 years of operation from 2010, the Project will be transferred to the Lao State. See www.namtheun2.com.