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3 Apr 2015

CEE Bankwatch, Both ENDS, Focus on the Global South, International Rivers, Mekong Watch, NGO Forum on the ADB

Laos: NGOs urge intl. development banks to review support of Nam Theun 2 dam

"Development Banks Urged to Review Support for Mekong Dams, 10 Years After Nam Theun 2", 31 March 2015

Non-governmental organizations are calling on the World Bank, Asian Development Bank (ADB) and European Investment Bank (EIB) to publicly acknowledge the millions of dollars of failed investment in their flagship project, Nam Theun 2. This 1070 MW dam has failed to bring intended development benefits, and instead has unleashed a range of negative impacts on the affected populations in central Laos...Nam Theun 2 began operations in 2010, displacing over 6,300 indigenous people...These problems are confirmed by the World Bank's project-specific ratings, which currently evaluates overall implementation progress of the project to be "moderately unsatisfactory". The ADB and World Bank-financed Panel of Experts (POE)...warned that the Government of Laos had failed to comply with the project's Concession Agreement by not providing necessary support to the livelihood programs for affected villagers.