A BOT (Build-Operate-Transfer) concession agreement was concluded in October 2002, with the Government of Laos granting the EDF-led consortium the right to develop, finance and operate the 1 070 MW hydroelectric power plant for 25 years. EDF holds a 40 % stake in NTPC, which owns and operates the 1 070 MW Nam Theun 2 hydroelectric power plant through a 25- year BOT (Build-Operate-Transfer) concession agreement.