Vietnam: BCG inks deal with Unisun Energy, Coara Solar to build solar plant

Vietnam: BCG inks deal with Unisun Energy, Coara Solar to build solar plant

Bamboo Capital JSC, Hong Kong's Unisun Energy Group and Germany's Coara
Solar have signed an agreement to develop a US$40 million solar power plant
in Long An, BCG's second in the province.

Construction is expected to start in the first quarter of next year, and the
plant will begin to generate electricity in the second quarter of 2019.

With its experience in renewable energy development and construction, Coara
Solar will be the EPC (Engineering Procurement and Construction) contractor,
providing technology and technical consultancy and carrying out the
construction.

Unisun will fund the project, while BCG will obtain the licence and
negotiate a power purchase contract with Electricity of Viet Nam, the
country's sole power distributor.

Last month BCG Bang Duong Joint Venture and South Korea's Hanwha Group
signed an agreement to set up a $100 million solar power plant in Long An.

The province has agreed to hand over 175ha of land to build the two plants.

Nguyen Ho Nam, chairman of BCG, said: "The involvement of famous global
groups like Unisun Energy, Coara Solar and Hanwha would help BCG develop
quickly in the renewables sector, which is growing rapidly in Viet Nam."

With its target to become one of leaders in renewables, BCG also plans to
carry out other power projects in Quang Nam and Gia Lai Provinces.

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Link to Original Article:
https://www.vietmaz.com/2017/07/bcg-inks-deal-with-unisun-energy-coara-solar
-to-build-solar-plant/?utm_source=feedburner&utm_medium=email&utm_campaign=F
eed%3A+vietmaz+%28VietMaz%29

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com