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PM Visits Nam Ngiep 1 Power Project, Expected To Be 90% By Year’s End
PM Thongloun Sisoulith (6th right) and his delegation visit the Nam Ngiep 1 Hydropower Project (NNP1) on Feb 1 to learn about the progress of construction and social aspects of the project
February 3rd, 2017 | 09:40 AM | 1550 views
VIENTIANE
(KPL) The visit to the NNP1 project in Hat Ngiun Village, Bolikhan district, Bolikhamxay Province was also attended by relevant ministers and vice ministers, and some other high-raking government officials from central and provincial levels, and representatives of shareholders.
Addressing the reception at the NNP1 Site Office, Mr. Yoshihiro Yamabayashi, Managing Director of the Nam Ngiep 1 Power Company Limited, declared that it as his greatest honour to welcome the Prime Minister and his delegation to NNP1, and reported on the progress of the project.
Nam Ngiep 1 is a 290-megawatt hydropower project under construction in the provinces of Bolikhamxay and Xaysomboun.
It consists of the construction of two dams and two powerhouses on the Ngiep River in Bolikhamxay.
The construction of the project began in late 2014 and by the end of January 2017, the overall progress of the construction work was about 60% complete with the expectation that work would be approximately 90% complete by the end of this year.
Approximately 520 households from Hatsaykham village, Bolikhan district in Bolikhamxay, and four other villages in Hom district of Xaysomboun will be relocated to make way for the project.
The relocation of the villagers of Hatsaykham was completed in November 2016 and the resettlement of the remaining households of Hom district is expected to be finalised by the end of the first half of 2017.
During the site visit, the Prime Minister visited the main dam and main powerhouse under construction, and agricultural land and houses in the Houay Soup Resettlement Area in Bolikhan district.
The area is about 6,100 ha in size and has been allocated to accommodate families affected by the project.
At the end of January 2017, an additional 62 households from Hom district, Xaysomboun Province, chose to relocate here.
The remaining chose full compensation and will voluntarily relocate elsewhere by themselves while some will make their final choice soon.
The NNP1 Project is being built and will be operated by the Nam Ngiep 1 Power Company whose shareholders are Kansai Electric Power of Japan, EGAT International Company Limited, and Lao Holding State Enterprise.
On Feb 2, NNP1 also welcomed Mr. Kornrasit Pakchotanon, the Chairman of the EGAT International Company Limited Board of Directors and also the Governor of EGAT and his 21-member delegation.
The Project will start to generate electricity in January 2019 and approximately 95% of this power will be sold to Thailand with the remaining to be used for domestic consumption.
The project expects to generate more than US$600 million in direct revenue and other indirect benefits to the Lao Government during its 27-year concession period, after which ownership will be transferred to the Lao Government.
Source:
courtesy of KPL NEWS AGENCY
by KPL News
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