Thai energy firm BCPG signs Laos wind power sale with Vietnam
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Thai renewable energy firm BCPG Pcl on Tuesday said that its consortium had signed a 25-year agreement to deliver wind energy from a 600-megawatt project in Laos to Vietnam.
An agreement between Vietnam’s electricity firm EVN and Impact Energy Asia Development (IEAD), of which BCPG holds a 45 percent stake, will supply electricity through a 500-kilovolt transmission line from Laos to Quang Nam province in Vietnam.
Impact Wind Investment, backed by Japan’s Mitsubishi Corporation, holds a 55 percent stake in IEAD.
Construction on the Monsoon Wind Project will commence in 2022 with commercial operations targeted for 2025. It would be the Association of Southeast Asian Nations’ largest wind farm, BCPG said in a statement.
Questions & Answers
Q.Which companies are involved in the agreement to deliver wind energy from Laos to Vietnam?
Which companies are involved in the agreement to deliver wind energy from Laos to Vietnam?
The agreement is between Vietnam’s electricity firm EVN and Impact Energy Asia Development (IEAD). BCPG Pcl holds a 45 percent stake in IEAD, with Impact Wind Investment, backed by Japan’s Mitsubishi Corporation, holding the remaining 55 percent.
Q.What is the expected timeline for the Monsoon Wind Project?
What is the expected timeline for the Monsoon Wind Project?
Construction on the Monsoon Wind Project is scheduled to begin in 2022. Commercial operations for the 600-megawatt wind farm are targeted to commence in 2025.
Q.How will the electricity be transmitted from Laos to Vietnam?
How will the electricity be transmitted from Laos to Vietnam?
Electricity from the project will be supplied through a 500-kilovolt transmission line. This line will connect the wind farm in Laos to Quang Nam province in Vietnam.
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