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.

12

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.

Vientiane, February 10th 2022

On February 10, 2022, at the Khounkham District Administration Office, Khammouane Province, the Government of Lao PDR awarded a Class III Development Medal to Theun-Hinboun Power Co., Ltd (THPC) in recognition of its contribution to the construction of Khoun Kham Bridge (New Nam Hai Bridge) with a total construction cost of US $ 1,131,685. The Ceremony was attended by Mr. Vongphet Vongphet Chitpanya, Khammuan Province Deputy Party Secretary, Mr. Robert Allen Jr, THPC Managing Director, Khounkham District Governor and the district high ranking officials, THPC Deputy Managing Director and key staff.

1

The new bridge was officially opening in March 2021 and has greatly improved transportation and tourism business in Khounkham district.

2
Khounkham Bridge

Note to editors: THPC operates the Theun-Hinboun and Nam Gnouang Powerhouses in Khammouane and Bolikhamxay provinces of the Lao PDR, with a combined capacity of 520 megawatts. THPC is the only major independent power producer that is majority Lao-owned and 99% of its staff are Lao nationals. The company’s business covers not only power production, but also innovative and wide-ranging social and environmental programs across five districts in two provinces. THPC has contributed over US$712 million to the state since beginning operations in 1998.

Theun-Hinboun Power Co., Ltd. Contributes US $ 28,000 to Khammuan Provincial Hospital through the Ministry of Health and the Ministry of Energy and Mines for the procurement of one set of kidney dialysis equipment. The handover ceremony was held on 22 February 2021 at the Ministry of Energy and Mines, attended by Dr. Khamani Inthirath, Minister of Energy and Mines, attended by Dr. Khamani Inthirath, Minister of Energy and Mines; and Assoc. Dr. Bounkong Sihavong, Minister of Health.

Later, on 29th March 2021, a handover ceremony of kidney dialysis equipment was held at Khammouane Provincial Hospital with the participation of Mr. Vanxay Phongsavanh, Governor of Khammouane Province; and both the Ministers of Energy and Mines and the Minister of Health.

Vientiane, April 19th 2021

On April 19, 2021, at Ministry of Finance, Vientiane Capital, Theun-Hinboun Power Co., Ltd received a Ministerial Certificate of Appreciation from the Ministry of Finance, awarded by Mr. Bounchom Oubonpasueth, Minister of Finance, and received by Mr. Robert Allen Jr, THPC General Manager.

cover


Throughout the THPC operations, the company has fulfilled its obligations continuously and regularly.
THPC has regularly pay its tax, reported its tax accurately and timely, no outstanding tax and no penalty due to late tax payments. For such outstanding achievements, the Ministry of Finance has awarded a Category I Certificate of Appreciation to the Company in recognition of its achievements and merits.

12

People in Khounkham District have a new bridge

Vientiane, March 9th 2021

 

An official opening ceremony for New Nam Hai Bridge (Khounkham Bridge) is taken place on 9th March 2021 at Ban Nakham, Khounkham District,

Khammuan Province under the chair of Mr. Vanxay Phongsavanh, Khammuan Province Governor.OpeningSession

Khammuan Province Department of Public Works and Transportation says that the budget for the New Nam Hai Bridge is funded by Theun-Hinboun Power Company Limited and its shareholders which cost over US$ 1.13 million. The new bridge will improve the transportation in Khounkham district and will also boost the tourism business in the area. The construction of the bridge started in early May 2019 and complete in the end of February 2021. The bridge is made from iron girder I shape with reinforced concrete for the bridge surface which can load 43 tons, the length of the bridge is 50.6 m and the width is 7.5 m. The Road No. 8 Construction Enterprise and Tay Truong Son Construction Sole Co., Ltd is the main contractor of the project.

THPC operates the Theun-Hinboun and Nam Gnouang Powerhouses in Khammouane and Bolikhamxay provinces of the Lao PDR, with a combined capacity of 520 megawatts. THPC is the only major independent power producer that is majority Lao-owned and 99% of its staff are Lao nationals. The company’s business covers not only power production, but also innovative and wide-ranging social and environmental programs across five districts in two provinces. THPC has contributed over US$608 million to the state since beginning operations in 1998.

OldNamHaiBridgeNewNamhaiBridge

Old NamHai Bridge                                                                                                                                New Khounkham Bridge (NamHai Bridge)

See VientianeTimes news Agency article

Subcategories