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Thai co Banpu Power makes Vietnamese wind investment

Wind turbines and power lines in Ninh Thuan. Author: garycycles8. License: Creative Commons, Attribution 2.0 Generic.

August 9 (Renewables Now) - The power generating subsidiary of Thai coal miner and energy provider Banpu PCL (BKK:BANPU) has invested in an 80-MW wind project in Vietnam, the companies announced on Wednesday.

Banpu Power PCL (BKK:BPP) said in a bourse statement that the particular project is located in Soc Trang province and consists of three phases -- the first two of 30 MW capacity and the last one of 20 MW.

Phase one has already secured an Investment Registration Certificate (IRC) from the Department of Planning and Investment (DPI). It is currently going through a feasibility study and is expected to achieve its Commercial Operation Date (COD) within 2020. The other two phases should become operational in 2021.

This is BPP’s first wind project in Vietnam, it said, adding that the company will continue to seek investment opportunities in conventional power and renewables to meet its overall growth target of 4,300 MW in 2025. It noted it will concentrate on markets with attractive growth and supportive government policy.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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