J-POWER and Hazama Ando join 770 MW Pak Lay hydropower project in Laos

J-POWER and Hazama Ando have joined the 770 MW Pak Lay hydropower project in Laos through their joint venture, JH International B.V. Following an equity transaction completed on April 1, 2026, J-POWER has acquired an indirect stake of around 49 per cent in Pak Lay Power Company, while Hazama Ando holds a smaller minority share. The remaining stake is held by an affiliate of Gulf Development Public Company Limited. The project, located on the Mekong River, is being developed as a run-of-river hydropower facility under a build-operate-transfer model. Power generated from the project will be exported to Thailand under a long-term power purchase agreement. The plant will be transferred to the Lao government after the concession period.