Italian-Thai Development Public Company Limited (ITD) has agreed to sell its 15% stake in the Nam Theun 2 Power Company Limited (NTPC) – operator of the Nam Theun 2 hydropower scheme in Laos – to two other partners in the power company.
In a statement, ITD said it had entered into a Share Purchase Agreement with the Electricity Generating Public Company Limited (EGCO) for 450,000 shares, with the remaining 225,000 shares to be sold to edf International (EDF). The total transaction amounts to US$110M.
NTPC will now be held 35% by EGCO, 40% by EDF and 25% by Lao Holding State Enterprise.
Nam Theun 2 is a 1070MW transbasin hydro power scheme. It diverts the upper flow of the Nam Theun river from the Nakai plateau, into the Xe Bang Fai river in the Khammouane plain in Lao PDR. It is capable of producing 6000GWh per year.