On December 27th, 2014, the inauguration ceremony of the Ngoi Phat hydropower plant was held at Ban Vuoc commune, Bat Xat district, Lao Cai province.

With three turbines generating 72 MW of power, the plant is one of the large-scale projects of the kind in the province. In operation, it adds about 314 million kWh of electricity per year to the national grid.
The plant’s construction began in January 2010 and suspended in 2011 when 66% of work had been done due to financial problems. With the support from the Bank for Investment and Development of Vietnam (BIDV), the Vietnam Development Bank (VDB) and Techcombank, construction work resumed in June 2013. Total investment of the project is adjusted to VND 2.068 trillion from VND 1.743 trillion, of which VND 437 billion was financed by investment credit through VDB’s branch of Lao Cai.
The plant’s turbines No.1, No.2 and No.3 were connected to the national power grid respectively in August, September and November this year. Its successful contributes to social-economic development of the border province of the country./.