New Lao PDR Hydro Project to Spur Development, Improve Lives
Nam Theun 2, the Lao People's Democratic Republic's (Lao PDR) largest hydropower facility, was officially inaugurated today, signaling a new era for growth, development and poverty reduction in the landlocked Southeast Asian country.
Over 90% of the electricity generated by the project is being sold to Thailand, providing Lao PDR with a $2 billion revenue stream over the next 25 years.
The funds are earmarked for the nationwide improvement of health and education services, and other poverty alleviation programs.
"This project is a testament to the fact that when hydropower projects are done right, in a socially and environmentally responsible manner, the benefits are considerable," said Kunio Senga, Director General of ADB's Southeast Asia Department.
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