Doing a Dam Better : The Lao
People's Democratic Republic and the Story of Nam Theun
2 (NT2)

Doing a Dam Better : The Lao People's Democratic Republic and the Story of Nam Theun 2 (NT2)

Preparation of the $1.45 billion Nam Theun 2 (NT2) project in the Lao People's Democratic Republic (Lao PDR) represented an important milestone for the government, the developers, international partners, and other stakeholders. The story of it...

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Bibliographic Details
Main Authors:	Shivakumar, Jayasankar, Porter, Ian C.
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	ACCOUNTABILITY ADB ADOPTION AFFORDABILITY AGREEMENT AGREEMENTS AID EFFECTIVENESS ASSETS ASSOCIATION BANK BANK OFFICE BORROWER BUSINESS ALLIANCES CAPACITY BUILDING CAPITAL CIVIL SOCIETY CIVIL SOCIETY ORGANIZATIONS COLLECTIVE COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL LOAN COMPANIES COMPANY CONFIDENCE COOPERATION COOPERATIVE CORPORATION CORPORATIONS CORRUPTION COST ESTIMATES CREDIT CREDITS CREDITWORTHINESS CRITERIA DEBT DEVELOPMENT BANK DIRECT LOAN DIRECTORS DIVIDENDS DIVISION OF LABOR DONOR FUNDING DOWNSTREAM AREAS DUE DILIGENCE ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC IMPACT ECONOMIC REFORM ECONOMIC REFORMS ECONOMICS EFFICIENCY EIB EMPOWERMENT ENVIRONMENT ENVIRONMENTAL ENVIRONMENTAL CONSERVATION ENVIRONMENTAL IMPACTS ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PROTECTION EQUITY EQUITY INVESTMENT ETHNIC MINORITIES EXCHANGE RATE EXPECTATIONS EXPENDITURES EXPORT EARNINGS FACILITATION FINANCE FINANCE MANAGEMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RISK FINANCIAL SUPPORT FINANCING FLOWS OF INFORMATION FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN INVESTMENT GLOBAL INITIATIVES GOVERNANCE GOVERNANCE ARRANGEMENTS GOVERNMENT GOVERNMENT OFFICIALS GOVERNMENTS GRANT GROUPS OF PEOPLE GUARANTEE GUARANTEE AGENCY GUARANTEES HOUSEHOLDS INCORPORATED INDIGENOUS PEOPLES INDIVIDUALS INDUSTRY INFORMATION SHARING INFRASTRUCTURE INSTITUTIONAL REFORM INTEREST INTERESTED PARTIES INTERESTS INTERNATIONAL BANK INTERNATIONAL BUSINESS INTERNATIONAL FINANCE INTERNATIONAL SUPPORT INVESTMENT INVESTMENTS INVESTORS LABOR LAND LAW LEADERSHIP LEGAL FRAMEWORK LENDERS LENDING LIMITED LOAN LOAN AMOUNTS LOAN GUARANTEE LOGGING MARKETS MEDIUM NATIONAL INCOME NATURAL RESOURCES NEW BUSINESS NORDIC INVESTMENT BANK OPTIONS ORGANIZATION PEOPLE PERSONS POLICIES POLITICAL ECONOMY PRINCIPAL PRIVATE EQUITY PROFESSIONAL ADVICE PROJECTS PUBLIC COMPANY PUBLIC FINANCE PUBLIC INFORMATION PUBLIC POLICY PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER PURCHASING POWER PARITY RETIREMENT REVENUE REVENUES RISK RISK MANAGEMENT RISK MITIGATION SERVICE SERVICES SHAREHOLDERS SOCIAL DEVELOPMENT SOCIAL WELFARE STAKEHOLDER STAKEHOLDERS START-UP STATE STATES STRATEGIES STRATEGY SUBSIDIARY SUSTAINABLE DEVELOPMENT TECHNICAL SUPPORT TRADE TRADE AGREEMENT TRANSFERS TRANSPARENCY TRANSPORT TRUST UNION UNIVERSITY VALUE VULNERABLE GROUPS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101214233756 http://hdl.handle.net/10986/2540

Description
Summary:	Preparation of the $1.45 billion Nam Theun 2 (NT2) project in the Lao People's Democratic Republic (Lao PDR) represented an important milestone for the government, the developers, international partners, and other stakeholders. The story of its preparation and implementation is an important one, because it provides valuable insights and lessons that can be applied in future projects of similar size, scope, and complexity. Projects this size are always complex. NT2 was particularly complicated, however, because it was prepared during the challenging times that included the dam debate of the 1990s, which culminated in the world commission on dams, the Asian financial crisis of 1997, the strengthening of environmental and social safeguard policies and practices at the World Bank and other financial institutions, and the greater scrutiny of governance arrangements for the transparent use of natural resource rents by countries. This book covers those times and focuses on the widely differing perspectives of NT2's diverse stakeholders, the unique political economy of Lao PDR, the heated international debate on dams, the rapidly changing state of the art regarding poverty and safeguard interventions, the shifting signals within the World Bank, and the collective efforts of many different partners and stakeholders to ensure that NT2 met the high and appropriate standards.

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