What Phongsupthavy Group does

Phongsupthavy Group (PSTG) is a privately held Lao PDR conglomerate founded in 2001 by Mr. Phongsavath Senaphuan, headquartered in Vientiane. The group operates eight business divisions under a Build-Transfer-Benefit (BTB) project delivery model that designs, constructs, and transfers completed assets to government counterparties in exchange for contracted payments. Its flagship operations center on renewable energy generation and infrastructure construction—hydropower, solar photovoltaics, and wind power—complemented by road and bridge construction, building construction, agricultural financing through the Agricultural Promotion Bank, real estate development, tourism hospitality, rare earth and potash mining, carbon credit trading, and durian and coffee agriculture. The company is positioning itself as the lead developer of Lao PDR's 'Battery of Southeast Asia' energy export strategy, with a development pipeline of 55 hydropower projects (6,072.2 MW planned) and 8 wind projects (4,700 MW planned), and a strategic JV with Thailand's CP Group-backed Altervim to extend into AI, data centers, and digital infrastructure.

The group's customer base is overwhelmingly governmental: the Lao Government and its provincial administrations, Electricité du Laos (EDL) for domestic grid integration, and Vietnam's EVN for cross-border electricity off-take via the 220kV Nam Sum–Nong Cong transmission line. Cross-border electricity export to Vietnam is the near-term commercial engine, with Nam Sum 3 (156 MW) targeted to commence generation for Vietnam from February 2024. The company is ISO 9001:2015 and ISO 14001:2015 certified, holds IAS-accredited management system certification, and is governed by its founder with no disclosed external institutional shareholders. Registered capital was increased from 1.5 Billion Kip (2001) to 3,000 Billion Kip (2021), the latest step in a transition from construction contractor to diversified green-energy conglomerate.

Name

Phongsupthavy Group

Legal name

Phongsupthavy Group Sole Co., Ltd.

Website

https://phongsupthavy.la

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Phongsupthavy Group is a Lao PDR diversified conglomerate (founded 2001) that develops hydropower, solar, and wind projects on a Build-Transfer-Benefit basis for Lao Government and Vietnam's EVN, with 233.3 MW operating and a 10,000+ MW pipeline.

Ownership category

akta.pro rank

Product category

Diversified Renewable Energy and Infrastructure Conglomerate

NAICS

Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Cogeneration Services & Small Power Producers (4991), Forestry (800)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industries

Site Preparation & Civil Works (Clearing, Grading, Earthworks, Roads) (EUAMAFAA), Hydro BOP Civil & Water Conveyance (Dams, Spillways, Penstocks, Canals) (EUAMAFAG), Structural & Mechanical BOP Construction (Racking/Trackers, Turbine Erection Support, Mounting Structures) (EUAMAFAC), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations) (EUAMAAAB), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Renewable energy generation
• Hydropower development
• Infrastructure construction
• Build-transfer projects
• Agricultural finance

Headquarters

HQ city

Vientiane Capital

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Hydropower Plant Development and Operation: PSTG develops, constructs, and transfers (Design-Build-Transfer) hydropower plants under Build-Transfer-Benefit contracts. Revenue is received upon project completion and handover to project owners. Operating plants generate electricity sold under power purchase agreements.
2. Infrastructure Construction (Roads, Bridges, Buildings): Construction contracts using Build, Transfer, Benefit arrangements where PSTG constructs and hands over roads, bridges, and buildings to government counterparties in exchange for contracted payments.
3. Electricity Generation and Transmission: Completed hydropower plants (Nam Sum 3 at 156 MW, Nam Ngiep 3A at 44 MW, and others) generate electricity sold to national grids and cross-border off-takers such as Vietnam's EVN under long-term power purchase agreements.
4. Agricultural Production: Durian cultivation (65 hectares in Attapeu) and coffee production (50 hectares in Champasack) generate revenue through commodity sales, contributing to food security initiatives aligned with SDGs.
5. Carbon Credit Trading: PSTG focuses on clean energy technology and carbon credit mechanisms, monetizing emissions reduction assets generated through renewable energy and afforestation projects.
6. Banking Operations (via Agricultural Promotion Bank): PSTG holds a leadership position in the Agricultural Promotion Bank, which operates on a not-for-profit basis providing low-interest loans to farmers, generating fee income and financial services revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Phongsupthavy Group develops, constructs, and transfers renewable energy projects (hydropower, solar, and wind) and infrastructure assets (roads, bridges, buildings, irrigation) using a Build-Transfer-Benefit contractual model, primarily serving the Lao Government and state-owned enterprises. Beyond construction, the group operates completed hydropower and solar plants under power purchase agreements, provides low-interest agricultural financing through the Agricultural Promotion Bank, and runs diversified businesses in real estate, tourism, mining, carbon credit trading, and agriculture.

Product overview

Phongsupthavy Group is a diversified multi-sector conglomerate headquartered in Vientiane, Lao PDR, operating eight distinct business divisions under a single corporate umbrella. The portfolio spans Energy Solutions (hydropower, solar, and wind power generation and construction), Infrastructure Solutions (hydro power plant construction, road and bridge construction, and building construction on a Build-Transfer-Benefit model), Banking Solutions (via the Agricultural Promotion Bank, a not-for-profit lender), Real Estate, Tourism (resorts and hospitality), Mining (rare earth and potash exploration), Trading Business (carbon credits), and Agriculture Business (durian and coffee cultivation). The group has evolved from its 2001 construction origins into a vertically integrated green business, with energy as the flagship division driving the company's vision of positioning Lao PDR as the 'Battery of Southeast Asia.'

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Solutions - Hydro Power Design, construction, and operation of hydropower plants across Lao PDR, converting flowing water's kinetic energy into electricity. Includes operational plants (Nam Ngiep 3A at 44 MW, Xe Nam Noy 1 at 14.8 MW, Xe Nam Noy 6 at 5.0 MW, Nam Yeim at 10.2 MW, Houay Kaouane at 22 MW) and projects under construction (Nam Sam 3 at 156 MW, Nam Mo 2 at 120 MW, Nam Boak at 8.1 MW, Nam Tai at 21 MW), primarily serving Lao Government counterparties and power offtakers.
• Energy Solutions - Solar Power Deployment of photovoltaic panels and solar farms for clean electricity generation, including the Song Luy 1 Solar Power Plant in Binh Thuan Province, Vietnam (39 MW AC / 46.71 MWp). Sold to national grids and cross-border off-takers, providing solar generation capacity as a complement to hydropower.
• Energy Solutions - Wind Power Strategically located wind turbines capturing and converting wind's kinetic energy into electrical power, with 8 wind power projects planned totaling a 4,700 MW installed capacity across Lao PDR. Diversifies the group's renewable energy portfolio.
• Infrastructure Solutions - Hydro Power Construction Construction of hydropower plants under Build-Transfer-Benefit arrangements, including Nam Sum 3 (156 MW), Nam Sak (18 MW), Nam Pang (9 MW), Nam Kiao (10 MW), Nam Xao 2 (5 MW), Nam Xao 3 (12 MW), and Nam Sam 3A (45 MW). Also includes transmission line construction such as the 220kV Namsan 3B to Vietnam line. Sells construction services to Lao Government counterparties.
• Infrastructure Solutions - Road and Bridge Construction Construction of rural roads, border roads, and urban roads on a Build-Transfer-Benefit basis. Projects include roads in Attapeu (100.78 km), Lao-Cambodia border (120 km), Savannakhet-Saravan 1G (53.5 km), Nongbuathong-Nongbuek roads (5.3 km and 3.6 km), and Xaysomboun roads. Sold to Lao Government and provincial administrations.
• Infrastructure Solutions - Building Construction Full-service building construction including survey, architecture, interior design, and construction management for residential and commercial developments. Provides complete Design-Build services with a focus on quality and modern construction techniques. Targets Lao PDR clients.
• Banking Solutions - Agricultural Promotion Bank Agricultural Promotion Bank (APB) operates as a not-for-profit financial institution supporting the agricultural and forestry sectors through low-interest loans to farmers. Phongsupthavy Group holds the position of Chairman of the Board of Directors. Serves Lao farmers and agricultural enterprises.
• Real Estate Solutions Property development combining functionality with aesthetic appeal to serve the growing urban population in Lao PDR, including residential and commercial developments. Targets Lao PDR residential and commercial buyers.
• Tourism Hospitality and tourism services including luxury resorts and hotels, coupled with premier dining experiences, providing diverse accommodation and culinary offerings for travelers in Lao PDR.
• Mining Exploration of rare earth and potash minerals. Three rare earth project areas in Xiengkhouang and Huaphanh provinces; potash exploration projects in Vientiane Province. The company targets production and export of mined resources.
• Trading Business - Carbon Credits Carbon credit trading and clean energy technology services, addressing carbon footprint reduction for private and public sector entities as part of the group's commitment to environmental sustainability and Lao PDR's Paris Agreement commitments.
• Agriculture Business - Coffee and Durian Sustainable agriculture with durian cultivation (65 hectares in Sanamxay District, Attapeu Province) and coffee cultivation (50 hectares with planned expansion to 120 hectares in Paksong, Champasack Province). Generates revenue through commodity sales contributing to food security.

Quantifiable outcome

• Combined hydropower capacity of 1,180 MW targeted across five provinces under August 2020 MOU with Lao Government
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• Altervim Co., Ltd. (Thailand)flagshipStrategic or Co-development Partner · 1 May 2025In mid-May 2025, Phongsupthavy Group (Lao PDR) and Altervim Co., Ltd., a subsidiary of Thailand's Charoen Pokphand Group (CP Group), signed an MOU to jointly develop clean energy projects in Lao PDR. The initiative covers hydropower, wind energy, and solar power, alongside investments in AI, data centers, and digital infrastructure to support ASEAN's transition to a green and digital economy. The ceremony was honored by Deputy Prime Minister Saleumxay Kommasith and EDL leadership. Mr. Suphachai Chearavanont (Altervim/CP Group) and Mr. Phongsavath Senaphuan (PSTG) led the agreement, positioning Lao PDR as a clean energy hub.
• Agricultural Promotion Bank Co., Ltd.coreStrategic or Co-development Partner · 1 September 2024PSTG partners with the Agricultural Promotion Bank (APB), in which Mr. Phongsavath Senaphuan serves as Chairman of the Board of Directors. Joint activities include disaster relief donations (2 billion Kip to Lao Government in September 2024), commercial production fund contributions (5 billion Kip in January 2025), and CSR initiatives. The bank provides agricultural financing on a not-for-profit basis, aligned with PSTG's sustainability mandate.
• Ministry of Agriculture and Forestry (Lao PDR)coreStrategic or Co-development Partner · 1 March 2024On March 1, 2024, PSTG and the Ministry of Agriculture and Forestry signed an MOU to conduct surveys and feasibility studies for greenhouse gas mitigation projects in the agriculture and forestry sector. This partnership advances Lao PDR's climate commitments under the Paris Agreement and generates carbon credit assets through afforestation and sustainable land management.
• Xieng Khouang Provincial Administration and Department of Planning and InvestmentcoreStrategic or Co-development Partner · 1 December 2020On December 18, 2020, PSTG signed a contract with Xieng Khouang provincial authorities for the investment, development, and management of Nam Mo 2A, Nam Chao 2, Nam Kiew, Nam Xai, Nam Buak, and Nam Yied hydropower projects in Mork district, Xieng Khouang province. This provincial-level agreement covers six distinct projects within the broader Nam Mo cascade.
• EVN (Vietnam Electricity Group)coreStrategic or Co-development Partner · 1 August 2020EVN (Vietnam Electricity Group) and PSTG cooperate on the 220kV Nam Sum – Nong Cong transmission line project to import electricity from Laos to Vietnam. The partnership addresses cross-border power trade, with PSTG developing Nam Sum 3 (156 MW) and Nam Sum 1A (50 MW) plants for export to Vietnam. Project completion targeted January 2024, with electricity flows from February 2024. Both governments have bilateral energy trade commitments underpinning the collaboration.
• Government of the Lao People's Democratic RepublicflagshipStrategic or Co-development Partner · 1 August 2020PSTG (as Phongsupthavy Road-Bridge, Building and Irrigation Construction Co., Ltd.) signed an MOU with the Lao Government on August 12, 2020, for combined hydropower production with a total capacity of 1,180 MW in Xaysomboun, Houaphanh, Savannakhet, Xekong, and Attapeu provinces. This foundational government partnership underpins PSTG's role as the lead developer of Lao PDR's renewable energy sector.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• BCPG: Bangchak subsidiary operating renewable energy (hydro, solar, wind) across Thailand and ASEAN. Comparable as a Thai-origin renewable IPP expanding into Lao PDR and other ASEAN markets.
• Ratch Group: Thailand's largest independent power producer with renewable energy and cross-border projects in Laos, including shareholdings in Lao hydropower plants. Highly comparable as a Thai-rooted IPP with Lao PDR operations and government-aligned strategy.
• Energy Absolute: Thai renewable energy developer with wind, solar, and biomass portfolios. Comparable on ASEAN renewable energy development and EPC-to-IPP integration.
• B.Grimm Power: Thai renewable energy IPP with diversified hydro, solar, and wind capacity across ASEAN, including cross-border power generation. Directly comparable as a Southeast Asian renewable IPP with a mix of operating assets and pipeline.
• CK Power: Thai power company with major hydropower operations in Laos (Xayaburi, Nam Ngum) and Thailand. Directly comparable on hydropower development in Lao PDR and cross-border power export to Thailand.

Broad incumbents

• Sinohydro: Chinese state-owned hydropower EPC contractor with extensive Lao PDR project history (Nam Ngum 5, etc.). Comparable as a major Hydropower EPC operating in Laos, though substantially larger and foreign state-owned.
• Electricity Generating (EGCO): Thai-listed IPP with hydroelectric and renewable energy projects across ASEAN, including Laos. Comparable as a cross-border ASEAN renewable energy generator.
• ACEN Corporation: Philippine-listed renewable energy platform with ASEAN operations (Vietnam, India, Australia). Comparable as a regional renewable IPP with cross-border portfolio expansion strategy.

Emerging players

• Sunseap Group: Singapore-based solar energy developer with regional Southeast Asian operations. Comparable as an emerging ASEAN renewable energy platform, though focused on solar rather than hydro.

Regional players

• Trung Nam Group: Vietnamese renewable energy and infrastructure developer with solar, wind, and grid projects. Comparable as a regional renewable developer with cross-border ambitions, though operating primarily in Vietnam.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Phongsubthavy-GROUP-100054320930332
• LinkedInlinkedin.com/company/phongsupthavy-group

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phongsupthavy Group