EDF holds a 40% stake in NTPC, which owns and operates the 1,070 MW Nam Theun 2 hydroelectric power plant through a 25-year BOT (Build-Operate-Transfer) concession agreement.
The Nam Theun 2 Power Company (NTPC) was established in 2002 to oversee the development, construction and operation of the Nam Theun 2 hydroelectric power plant. Its shareholders are EDF International (40%), the Thai Electricity Generation Company EGCO (35%), and the government of Laos, which has a 25% stake.
A BOT (Build-Operate-Transfer) concession agreement was concluded in October 2002, with the Government of Laos granting the EDF-led consortium the right to develop, finance and operate the 1,070 MW hydroelectric power plant for 25 years.
In 2004, the construction started and the power plant went into commercial service on April 30, 2010.