LienViet Post Joint Stock Commercial Bank (Lienvietpostbank) has approve a credit package worth US$ 193.66 million for expansion of the Xekaman 1 hydropower plant which is developed by the Vietnam –Lao Electricity Corporation (Song Da Corporation). Loan term will be 14 years and it is one of the important and major credit financing contract of the Lienvietpostbank.
The project’s total investment is US$ 487.17 million with a total design capacity of 322 MW, is built in the downstream of Xekaman river. The project which is expected to be completed in 2016 will provide a total output of 1.22 billion kWh per year. Xekaman 1 Hydropower plant is a largest-scale hydropower project invested by the Vietnam-Lao Electricity Corporation in Laos. Xekama hydropower plant project is under the energy cooperation agreement between the two governments of Vietnam, Laos. It is an important project not only in term of economics, society but also politics between the two countries.