Corporate Activities

On June 1, 2019, Nam Ngum 2 Power Company Limited organized a tree planting activity on the National Tree Day of the Lao PDR in association with the Electricity Generating Authority of Thailand and Electricite du Laos, by planting 100 Siamese Rosewoods and 100 rubber trees (Yang) in the area of the courtyard beside the football field. This is because Siamese Rosewood is considered a sacred wood with a high economic value and is commonly used to make furniture, wagons, lathes and carvings, combs, walking sticks, tools and utensils, and even musical instruments. Not only that, it can be also used as herbal medicine. The Siamese Rosewood is regarded as a sacred wood used in construction of buildings or construction of various artificial foundations. Thai people have ranked the “Siamese Rosewood” in the top 9 species of sacred trees which should be planted in gardens. The Yang tree is one of the plants which is about to become extinct from the Thai forest system. The Yang tree is a multipurpose wood and almost every part of it can bring benefits, both directly and indirectly. The Forest Act B.E. 2454 (1911) considers the Yang tree to be as important as teak. The Yang tree provides high economic value as when it reaches 20 years, it will worth Baht 15,000-20,000, which is equivalent to an average value of Baht 8 per day. If 100 Yang trees are planted, it will generate revenue in an amount of Baht 800 per day or Baht 24,000 per month or averaging Baht 288,000 per year.

In this connection, the Company will do systematic planning for forest plantations at appropriate areas in the coming years to ensure that the Company and its affiliated companies play a part in increasing green spaces and creating economic value for all societies and locations in which the Company has invested.