Major investment for Vietnam hydropower firm

Major investment for Vietnam hydropower firm

Financial firms UOB Venture Management and Orix have both confirmed they are
investing US$25 million each in Vietnamese hydropower owner and operator
Bitexco Power.

Operating 18 hydropower plants in the country, Bitexco is expected to use
the funding injection to expand its business in the renewable power
industry.

"Hydropower is one of the most cost-efficient sources of electricity
generation, and we believe Vietnam's growth will continue to drive the
demand for renewable energy," said Mr Seah Kian Wee, managing director of
UOB Venture Management, which manages about $1 billion of funds. "By
investing in Bitexco Power, we hope to participate in the growth of the
power sector and play a role in the country's economic transformation."

Orix corporate executive vice- president Yuichi Nishigori added that he
believed Bitexco Power is in the best position to benefit from the reforms
of the electricity market in Vietnam.

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Ref:
http://www.waterpowermagazine.com/news/newsmajor-investment-for-vietnam-hydr
opower-firm-4995634

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com