2016 was the sixth year of operation of EDL Generation Public Company. The company has been operating successfully in accordance with our long term strategic plan striving to become a leading power company to support electricity with fair and reasonable price to Lao PDR and ASEAN. Moreover, the company has managed its investments efficiently and improved business structure appropriately in order to increase production capacity and generate sustainable return to shareholders.
The company has sought for new investment opportunities continuously in 2016 in order to increase revenue, maintain satisfactory profitability, and increase enterprise value for the benefits of shareholders. The company signed several agreements to cooperate with potential partners for investment opportunities in new hydropower projects such as Framework Agreement and EPC Contract for Nam Dik 1 Hydropower Project, Cooperation Agreement for Pak Beng Hydropower Project, Memorandum of Understanding for Sekong 5 Hydropower Project, Project Development Agreement for Nam Bi 1-2-3 Hydropower Project, and Contract Agreement for Nam Phoun Hydropower Project. However, good corporate governance, business ethics, social and environmental responsibility, and equitable treatment to shareholders are always our major concerns to ensure sustainable growth. In addition, the company received The Asset Triple A Country Awards 2016 for Best Bong Deals – Southeast Asia for recognition of achievement for USD debenture issued in 2015. For the upcoming years, the company affirms its commitment to increase production capacity to achieve 2,400 MW target in 2020. Additional power projects will be invested.