Nam Sim Power Company Ltd
- Region: Asia & Pacific
- Country: Laos
- Sector: Energy - hydro
- Year: 2011
- Domicile: Laos
- Instrument: Loan
- Commitment (MNOK) as of 22.12.2017: 32.1
- Original Commitment (MNOK): 33.0
Nam Sim is a 9 MW hydropower project in Laos, developed by Mecamidi. Norfund has provided a senior loan to the project. The project is under construction and expected to be commissioned in 2017.
The project is developed together with Norad and our Finnish sister fund; Finnfund. The Project requires the construction of a small concrete dam on the Nam Sim River, 18m in length and 7m in height, with a spillway allowing free overflow in the rainy season.
Nam Sim is one of the priority projects in the Huaphan region’s 5 year plan. The region is the poorest in Laos. Only 30% of the region is currently electrified and the regional objective for 2010-2015 is to increase the electrification rate to 70%. Nam Sim will have a critical role to play in this endeavor.