Thailand’s Gulf Energy Development PLC buys two wind power farms in Vietnam

06/07/2020 08:45:10 - views: 99

The Gulf Energy Development PLC of Thailand has announced the purchase of two wind power farms worth about 200 million USD in Vietnam, in order to take advantage of low interest rates as it seeks projects with a quick return on investment.
 
Illustrative image (Photo: Bangkok Post)
 
The Gulf Energy Development PLC of Thailand has announced the purchase of two wind power farms worth about 200 million USD in Vietnam, in order to take advantage of low interest rates as it seeks projects with a quick return on investment.
 
The company reported to the Stock Exchange of Thailand that it entered into a share purchase agreement with Dien Xanh Gia Lai Investment Energy Joint Stock Co (DGI), the developer and operator of the two onshore wind farm projects, each with a capacity of 50 megawatts, the Bangkok Post said on July 4.
 
The projects, located in Ia Grai district of Gia Lai province, will be wholly owned by Gulf International Holding Pte (GIH) with a license to develop and operate the wind farms.
 
Gulf's Executive Director and Chief Financial Officer Yupapin Wangviwat said the projects will generate and sell power to Vietnam Electricity for 20 years. They are expected to start up in 2021.
 
Gulf CEO Sarath Ratanavadi said low interest rates have made asset acquisition attractive. Gulf is looking at several more renewable energy projects to acquire in Asia and Europe.
VietNamPlus

 Gửi ý kiến phản hồi

Họ và tên Email
Tiêu đề Mã xác nhận

News

Banpu acquires new operating Mui Dinh wind farm and long-term presence in Vietnam

Cập nhật 05/08/2020

3 August 2020– Banpu Public Company Limited, a leading integrated energy solutions company in Asia-Pacific,...

Innovation

EVN restructures the dependent accounting units

Cập nhật 07/11/2018

The Prime Minister has just directed Electricity of Vietnam (EVN) to restructure, reorganize and...

Investment

AFRY's Engineering Services for Vietnam Offshore Wind Farm

Cập nhật 04/08/2020

AFRY has been awarded engineering services assignment for Tra Vinh Offshore Wind Farm, a 48 MW wind...

Business

Northern Power Corporation reports production rise amid difficulties

Cập nhật 13/07/2020

Despite the difficulties posed by extreme weather and the COVID-19 pandemic, the Northern Power Corporation...

Production

Northern Power Corporation reports production rise amid difficulties

Cập nhật 09/07/2020

Despite the difficulties posed by extreme weather and the COVID-19 pandemic, the Northern Power Corporation...