Nam Theun 2’s Corporate Social Responsibility, first formalized in 2009, was fine-tuned throughout the years, until its latest version in 2020. The renewed CSR strategy anchors the CSR commitments of the company after completion of the Company Social obligations from the Concession Agreement, marked by the end of the Resettlement Implementation Period in July 2018
After a decade of operations, Nam Theun 2 has set itself the ambition to empower surrounding communities and provide them the opportunity to take ownership of their future. Embodied by the 2nd pillar of our 2035 Sustainability Vision, the goal is to support sustainable and diversified livelihoods on the Nakai Plateau after the resettlement period and the social archivements attained from 2005 to 2018
In 2018, NTPC’s shareholders adopted a resolution to create the Nam Theun 2 Development Fund (NT2DF), a fund that finances development projects focusing on Nakai Plateau communities living in the close surrounding of Nam Theun 2’s project. NT2DF is co-chaired by Nam Theun 2 and the Khammouane province.
On June 6th, 2018, Nam Theun 2 signed the Nam Theun 2 Development Fund Cooperation Agreement with the Khammouane province of the Lao People’s Democratic Republic. NT2DF currently represents the main funding source for the company CSR activities and is available on an annual basis until the end of the Concession Agreement in 2035.
NT2DF is financed each year with an amount based on the company’s electricity generation. Over the last 3 years, the average yearly amount dedicated to NT2DF was between 500K and600K USD. The NT2DF has the sole purpose to fun actions submitted by Village Development Committees or private organizations. NT2DF projects are based on a bottom-up approach: to foster ownership of projects among communities, beneficiaries must contribute in cash or kind to the project. In the long-term, the goal is to hand over projects to communities for them to manage, thus making them sustainable. Projects under the NT2DF are granted funding based on key strategic areas: 1) support to agriculture, livestock, and fishery 2) sustainable use of forest resources 3) livelihood development in a business-oriented way 4) Institutional strengthening of community empowerment. In 2021, 8 projects were granted funds under the NT2DF:
