Background of EDL-Generation Public Company     There have been 14490 visitors to this websiteThere have been 14490 visitors to this websiteThere have been 14490 visitors to this websiteThere have been 14490 visitors to this websiteThere have been 14490 visitors to this website 

From 2008, the State Enterprise of Electricity du Laos has implemented the directives of the Government of Lao PDR on the business restructuration of the Electricity Industry in Lao PDR. In 2008 the Electricity du Laos that was a state enterprise and has the function to product, transmit and selling electricity energy had contracted with the Financial Consultancy Service KTZMICO to study the feasibility to readjust business structure of the Electricity du Laos in the purpose that the Electricity Industry in Lao PDR can grown up and develop in response to the need of the Nation.

In 2010, the result from the study certified that the electricity production/Generating part of Electricity du Laos can be generated as capital for the creation of new company – EDL-Generation Public Company in order to increase the Capital of the Enterprise by selling the 25% of its share (initial public offering), and then these shares should be registered in the Lao Securities Exchange. Under the Leading of Securities and Exchange Commission Office, the Professional/Technical Committee was setting up to prepare the registration of Electricity du Laos (EDL) in the Lao Securities Exchange. This Committee was composed of people from concerned sectors/ministries. In the EDL was setting up an office to upgrade the production part of EDL to an autonomous public company. This process concerned many ministries, sectors and organizations of the Nation including the National Assembly (Parliament) and the Prime Minister Office, especially the exception of the implementation of some provisions and articles of the Laws, rules and regulations of Lao PDR that are related with the Assets Market and Stock Market. Because the problems related with the stock market is new for Lao PDR and because all was pressed in this period in order to prepare every thing for death line that defined by the Lao Government – the 11th January 2011 that is the first day of the Lao Securities Exchange (the buying and selling the share of many companies).

On 13th December 2010, The Parliament (National Assembly) issued the Decision of the Permanent Committee of National Assembly No. 132/PCNA on the approval and the exception in the implementing some laws, rules and regulations that are related with Assets Management and Stock Market. Side by Side with the National Assembly the Prime Minister issued the Decree No.526/PM on the exception in implementing rules and regulations that are specially related on the issue of the shares and the initial public offering and the registration of EDL-Generation Public Company.

On the 15th December 2010 Ministry of Industry and Trade (Business Registration Office) issued the business license No. 4637/BRO.MOIC dated 15th December 2010 to the EDL-Generation Public Company with Registered Capital in 2,605,792,200,000 Lao Kip (LAK) and proposed the fund raising (Capital increasing) by selling the new issued share of the Company to the staff of the Company, the staff of EDL and the general public. This proposal is approved by the permission of the Securities and Exchange Commission Office No. 002/SECO dated 15th December 2010 and 217,149,000 shares was issued.

By implementing the legal and judicial documentation that described above, the State Enterprise of Electricity du Laos had transferred all assets of the electricity production part of EDL to the EDL-Generation Public Company as follows: hydropower Plant Nam Ngeum 1, Nam Mang 3, Nam Leuk, Xe Set 1, Xe Set 2, Xe Labam and Nam Song (now is in the phase of Construction and expected to be for the service in 2011). The total of installing power is 387MW and each year they can generate electricity in average of 1,923.5 million KWH to the EDL-Generation Public Company. On 15th December 2010, the EDL-Generation Public Enterprise was established. It is the first public company in Lao PDR and it has all foundations to deal business activities in accordance with laws, rules and regulations of Lao PDR.

On 7 January 2011, the company had the registered capital with the total of 3,474,388,200,000 Kip, which amounts to 868,597,050 shares. On 11 January 2011, EDL-Gen was officially listed on the Lao Securities Exchange (LSX).

In the middle of 2012, EDL-Gen sold successfully Right offering and Public offering in order to purchased shares of four Independence Power Producer (IPPs) from EDL. The four IPPs are 60% of shares in Theun Hinboun, 25% of shares in Nam Ngum 2, 20% of shares in Houay Ho and 10% of shares in Nam Lik 1-2 hydro power plants. The total installed capacity of these four IPPs amount 494 MW, increasing EDL-Gen’s installed capacity of 881 MW. At the end of 2012, EDL-Gen has registered capital of 4,904,867,060,000 kip and 1,226,216,765 shares.

In October 2014, EDL-Gen became the first public company in Lao PDR to have an investment grade credit rating by TRIS Rating Co., Ltd. at “BBB+”.

On 12 December 2014, EDL-Gen officially issued debentures and successfully raised the targeted THB 6,500 million. This financial capital are being invested for an additional 392 MW, comprising of 4 hydropower projects to be transferred from EDL to EDL-Gen with a combined installed capacity of 292 MW; and the acquisitions of shares from EDL held at 5 IPPs with a total of 100 MW.

On 10 February 2015, EDL-Gen has successfully transferred shares of Nam Ngum 5 Hydropower plant (15%) from EDL which increased the total installed capacity of the company to 899 MW.

To promote continued growth, in September 2015 EDL-Gen issued the third ordinary share under RO and PO, raising 2,754 billion kip. This amount of fund will finance a further 513.1 MW, including 5 wholly-owned projects from EDL with a combined 277.9 MW, shares from EDL in 6 IPPs with equity attributed installed capacity of 108.3 MW. The registered capital of the company increased to 6,717,214,788,000 kip and the total share grew up to 1,679,303,697 shares. The shareholders structure remained the same.

On 24 December 2015, EDL-Gen Completion of asset transferring 3 hydropower plan projects: Nam Khan 2 hydropower plan project with an installed capacity of 130 MW, Houay Lamphan Gnai hydropower plan project with an installed capacity of 88 MW and Nam Sana hydropower plan project with an installed capacity of 14 MW from EDL which increased the total installed capacity of the company to 1,131 MW.