Mr. Jakgrich Pibulpairoj, President of Electricity Generating Public Company Limited or EGCO Group revealed that “Nam Theun 1 Power Company Limited, EGCO Group’s associated company of 25% ownership interest entered into the financial agreements of the total amount of USD 934.5 million or THB 30,800 million approximately with commercial banks in Thailand to fund the development and construction of its “Nam Theun 1” hydroelectric power project. 

Located on the Nam Kading River in Bolikhamxay Province of Lao PDR, the “Nam Theun 1” Project entered into PPAs with Electricity Generating Authority of Thailand (EGAT) and Electricité Du Laos (EDL) to supply 514.3 MW power to EGAT and additional 130 MW to EDL for 27 years starting from the commercial operation date in 2022.