Mega First secures US$150 million financing for 260 MW Don Sahong hydropower plant in Lao PDR
Mega First has entered into binding agreement with several financial institutions for a total of US$150-millio nfinancing for the the 260 MW Don Sahong hydropower project in Laos.
The financing includes term loan facilities totalling US$85 millon and an Islamic financing facility of up to US$65 million. The estimated cost of the project is US$500 million.
The Don Sahong hydropower project is a 260 MW run-of-river hydroelectric power scheme situated in the Khong District of Champasak Province, Southern Laos. The dam is located in the Sahong channel and utilizes a 15% of the total Mekong flow. The facility creates a small head-pond (inundating around 125 ha of land) between the islands of Don Sahong and Don Sadam. This allows the natural fall of approximately 20m across the Great Fault Line.
A Special Purpose Vehicle named Don Sahong Power Company is involved in power generation and property development while SinoHydro carries on the engineering, procurement and constructions works.
Mega First, Energy Developments (EDL), Ground Roses Ltd and Silver Acreage hold a 20, 79 and 1 per cent shares in the project respectively.
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