Vientiane, June 7th 2022
Theun-Hinboun Power Company Limited (THPC) has contributed its 2021 Profit Tax US$18.68 million to the Tax Department; and US$4.27 million, and THB71.80 million to the State Asset Management Department, Ministry of Finance. The handover ceremony was organized on 7 June 2022 at the Ministry of Finance, attended the event by Mr. Phaithoun THIENGLAMAI, Vice Director General of Tax Department, Mrs. Phaivone THOUMPHAVANH, Deputy Head of Resources Management Division, State Asset Management Department and THPC Management.
In 2021, the total payment THPC paid to the government is US$64.08 million which including Dividend US$38.66 million, Profit Tax US$18.68 million, Royalties US$6.5 million, and Personal Income Tax US$ 0.24 million (2,874.97 million Lao KIP). Since the start of COD of the first project in 1998 to 2021, THPC has made total contributions of US$711.53 million to the Lao Government through Dividends, Taxes and Royalties.
THPC was authorized to develop its first project in 1994 and launched in 1998. Since the significant increase of energy demand in the country and in neighbouring country, THPC initiated the study for the expansion project. The construction of the expansion project started in 2009 and completed in 2012. With the completion of the expansion project, the total installed capacity Theun-Hinboun Power Plant is increased from 220 MW to 520 MW.