EDL-Generation Public Company (EDL-Gen) stands as the leading power generation business in the Lao People’s Democratic Republic (Lao PDR). Established in December 2010, the company successfully completed its Initial Public Offering (IPO) in January 2011, becoming one of the first two companies listed on the Lao Securities Exchange (LSX). Operating as a subsidiary of Electricité Du Laos (EDL), the state-owned power utility, EDL-Gen plays a crucial role in ensuring energy security and sustainability in both Laos and the broader ASEAN region. The company generates and wholesales electricity to EDL for domestic and international distribution, with future expansion plans focused on increasing energy exports.
Business Growth and Expansion
Since its inception, EDL-Gen has experienced significant business growth, steadily increasing its power generation capacity and investment footprint. Initially operating with 387 megawatts (MW) of installed capacity in 2010, the company nearly tripled its capacity to 1,154.6 MW by June 2018. This rapid expansion was achieved through the operation of 10 hydropower plants and equity stakes in 8 Independent Power Producers, including Lao PDR’s first solar power plant, which commenced operations in 2017. By leveraging investment opportunities and forming strategic partnerships, EDL-Gen has strengthened Lao PDR’s position as a major power exporter within the Mekong Region.
Strategic Investment and Financial Strength
EDL-Gen’s long-term expansion plan is supported by effective capital market utilization and strategic financing. The company has successfully raised significant funds through equity issuances, including a USD 200 million rights offering in 2012 and a USD 340 million public offering in 2015. A major milestone was achieved in 2014 when EDL-Gen became the first corporate entity in the CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam) to issue THB-denominated corporate bonds in Thailand, raising the equivalent of USD 197 million. This success led to subsequent bond issuances in 2016 (USD 312 million) and 2018 (USD 409 million). EDL-Gen’s access to financial capital has been further strengthened by its BBB+ credit rating from TRIS Rating Co., Ltd in Thailand, which the company has consistently maintained since 2014.
Commitment to Good Governance and Efficiency
EDL-Gen operates with a strong commitment to corporate governance, water management, and operational efficiency. The company continuously enhances its workforce capabilities and ensures transparency in its business practices. By focusing on human resource development and operational improvements, EDL-Gen maintains sustainable growth while upholding high standards of integrity and efficiency in its power generation activities.
Corporate Social Responsibility and Environmental Stewardship
Beyond business operations, EDL-Gen actively engages in corporate social responsibility (CSR) initiatives that contribute to environmental conservation and community development. The company provides financial support for the conservation of National Protected Areas and organizes tree-planting and fish-release activities annually in celebration of National Arbour Day.
In addition to environmental efforts, EDL-Gen undertakes projects aimed at improving the livelihoods of communities surrounding its power plants. These include the provision of clean water supplies, power grid connections, enhanced healthcare facilities, improved schools, and better road access. The company also supports youth development programs, tertiary education, cultural preservation, and disaster relief initiatives.
A notable CSR initiative in 2017 involved providing Programmable Logic Controllers to the Faculty of Engineering at the National University of Laos, aiding structural research and student development. Another initiative was a nationwide drawing contest in collaboration with the National Institute of Fine Arts under the theme “Sustainable Power for the Nation.” The winning illustrations were incorporated into EDL-Gen’s awareness campaigns, promoting responsible and sustainable business practices.
A Future of Sustainable Energy Leadership
With its steady growth, strategic financial management, and commitment to sustainability, EDL-Gen continues to drive the energy sector forward in Lao PDR and ASEAN. By expanding power generation capacity, investing in innovative energy solutions, and fostering social and environmental responsibility, the company remains a key player in ensuring energy security and sustainable development for the region.
