After CK Power Public Company Limited (CKP) successfully commenced the 1,285MW Xayaburi Hydroelectric Power Plant in 2019, the Company has started investing to study the possibilities in other hydroelectric PPs.
In early November, CKP acquired 42% of Luang Prabang Power Company Limited (LPCL) from PT (Sole) Company Limited (PTS) in the total amount of $0.42 million or equivalent to ฿13.23 million for the purpose of conducting the feasibility study and development of Luang Prabang Hydroelectric Power project in Lao People’s Democratic Republic.
Moreover, later in December, CKP has entered into capital increase in its shareholding proportion in LPCL in the additional amount of ฿2,170 million or 217 million shares for the purpose of development of such Luang Prabang Hydroelectric Power.
Luang Prabang Power is conduct the study, development, construction, production and distribution of electricity from the LPHPP, a large scale run-of-river hydroelectric power plant, located in the Mekong River in the Lao PDR, by raising the water level without water diversion from the Mekong River and without water impounding like other reservoir dams.
The installed capacity of the PP is approx. 1,460MW, with a yearly average production capacity of approx. 6,854GWh, for the concession period of approx. 32 years from the Commercial Operation Date.
Currently, the LPHPP is in the process of study for project development, however, the capital increase in LPCL of CKP reflects that a lot of progress in feasibility study has been made, in terms of techniquem finance, and related environmental and social impacts.
It is expected that this Hydroelectric PP will have an ability to generate billions of profit from operation.
And it is quite sure that CKP will walk arm in arm with some partners, which could be the old friends Global Power Synergy Public Company Limited (GPSC) and Electricity Generating Public Company Limited (EGCO) or new faces.