Vietnam: Kick-starting a 100MW solar power project in Long An province

Vietnam: Kick-starting a 100MW solar power project in Long An province

Bamboo Capital Group (BCG) - Bang Duong Consortium and Hanwha Q-Cells Group
(South Korea) have signed a cooperation agreement to invest in 100MW solar
power project with a total investment on an area of 125 ha in Thanh An
commune, Thanh Hoa district, Long An province. The project expects to be
started out for construction in the first quarter of 2018 and put into
operation in 2019.

According to the cooperation agreement, Bang Duong BCG will arrange domestic
capital, carry out procedures for project license, study and implement the
project, negotiate and sign power purchase agreement (PPA) with EVN; Hanwha
will supply project engineering, technology equipment and installation, and
arrange international fund for the project.

The Chairman of Long An Provincial People's Committee Tran Van Can high
appreciated the role of the project in increasing electricity production for
socio-economic development of Long An province and Vietnam, as well as in
environmental protection and climate change mitigation.

Hanwha Q-Cells is a large multinational group of South Korea, it has a
competitive advantage on solar PV technology. At present, Hanwha Q-Cells has
built solar power plants in South Korea, China and Malaysia with a total
designed capacity of 5.5GW and an average generation of 400 GWh per year for
a plant.

Bamboo Capital Group was founded in 2011. From the foundation date BCG has
completed 11 M & A deals with a network of 11 member companies and 14
associated companies. BCG deals are aimed at value investing and long-term
holding.

Until the end of June 2016, the total asset value of BCG was VND 3,400
billion (equivalent to US$150 million). The investment strategy of the group
focuses on sustainable development and capital preservation.

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Link to Original Article:
http://nangluongvietnam.vn/news/en/nuclear-renewable/kick-starting-a-100mw-s
olar-power-project-in-long-an-province.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com