THEUN-HINBOUN POWER COMPANY LIMITED (FMO-55227)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Laos
Geographic location where the impacts of the investment may be experienced.
Specific Location
Bolikhamxay and Khammouane provinces
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 4, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Theun-Hinboun Power Company Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.11 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.10 MLN
Converted using 2018-12-04 exchange rate.
Loan Amount (USD)
$ 0.11 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.10 MLN
Converted using 2018-12-04 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Dec 23, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the FMO, the objective of the project is threefold, namely to:
(i) train the resettled and relocated farmers and the local agricultural agency in crop rotation;
(ii) raise awareness on the risks of cassava plantation; and
(iii) improve the farmers livelihood on the mid- and long term.

Soil depreciation due to the use of cash crops like cassava and lack of crop diversity puts the farmers at risk of losing livelihood and face a loss of income generation while at the same time it damages the environment. Training the local agricultural organization will make sure that knowledge and skills will be transferred on a continuous basis. If successful, this program can serve as a best practice example and can be replicated by other hydropower clients of FMO with similar challenges.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the FMO, Theun-Hinboun Power Company Limited operates a 520 MW hydro power plant situated in Laos.

As stated on the company's website:
An independent power producer supplying electricity to Thailand and Laos, THPC is a public-private partnership, owned by a Lao public company together with investors from Thailand and Scandinavia.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Theun-Hinboun Power Company Limited Client Hydropower

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Borrower - Theun-Hinboun Power Company Limited:

Address: 8th Floor, Vientiane Center, Khouvieng Road, Ban Nongchan, Vientiane, Sisattanak District, P.O. Box 3382, Lao PDR
Phone: +856 21 217363 / +856 21 217515
Fax: +856 21 217529
Email: enquiries@thpclaos.com
Website: http://www.thpclaos.com/index.php?lang=en

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism

How it works

How it works