UPDATE – Mitsui, Toshiba, Alstom equip 615-MW Nam Ngum 2

Developer consortium SouthEast Asia Energy Ltd. has awarded contracts to Mitsui &Co. and Toshiba Corp. of Japan and Alstom Projects India Ltd. to supply equipment to the 615-MW Nam Ngum 2 hydroelectric project being built in Laos.

Mitsui and Toshiba received an 11 billion yen (US$93.8 million) contract to supply and install three 205-MW turbine-generators. (HNN 9/1/06) Mitsui said commercial operation of the US$850 million project is planned for the end of 2010.

Mitsui said the agreement strengthens its relationship with CH Karnchang, one of the largest general construction companies in Thailand. It said the deal also shows Japanese hydro equipment suppliers can compete for business in Laos and Thailand.

Alstom Projects India received a 440 million rupee (US$9.56 million) contract to supply hydro-mechanical equipment for Nam Ngum 2. Alstom, which is to complete its work in 43 months, indicated equipment would come from its Vadodara, India, facility. Alstom said the contract illustrates the ability of its India unit to compete in other countries.

SouthEast Asia Energy, a subsidiary of Thai construction firm CH Karnchang Public Co. Ltd., entered a concession agreement with the government of Laos in March. (HNN 4/3/06) The deal provides for construction and operation of the plant on the upper Nam Ngum River about 90 kilometers from Vientiane.

Laos granted SouthEast Asia Energy concession rights for a total of 32 years, including five years for construction, two years for testing, and 25 years for electricity sales to Thailand. The developer and state-run Electricity Generating Authority of Thailand are negotiating a power purchase agreement and related financing agreements.

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