Article
Laos Secures $1 Billion Loans For Dam Project
Nine international and seven Thai banks have signed a pact to lend a combined $1 billion to build the controversial Nam Theun 2 hydroelectric dam in Laos, the project's operator [Nam Theun 2 Power Co. (NTPC)] said on Wednesday...Nine international commercial banks, including ANZ, BNP Paribas, Calyon [part of Crédit Agricole], Fortis Bank, ING, Société Générale and Standard Chartered, as well as seven Thai commercial banks including Bangkok Bank, are providing long term loans...[also refers to NTPC shareholders Lao Holdings State Enterprise, Electricity Generating Public Co., Italian-Thai Development (Italthai)]