The Laotian government has awarded a 31-year concession contract to XPCL to design, construct, develop and operate the Xayaburi Hydroelectric Power Plant on the Mekong River in Xayaburi province. Opened in October 2019, the 1,285-megawatt power plant supplies most of its produced power to the Electricity Generating Authority of Thailand.
XPCL is currently producing hydroelectricity at 7,400 gigawatt per year. The company’s use of renewable energy has helped reduce carbon dioxide emissions by 3.8 million tonnes per year, highlighting its position as a champion of environmental conservation.
XPCL is majorly owned by leading power producers in Thailand, namely CKPower (TRIS Rating: A) with a 42.5% stake; Global Power Synergy Pcl (TRIS Rating: AA+) 25% stake, and Electricity Generating Pcl (TRIS Rating: AA+) with a 12.5% stake.
Last year, XPCL reported revenue of 16.23 billion baht…
