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BCPG eager to build Asean's largest wind farm in Laos

Published July 29, 2020

SET-listed BCPG Plc, a renewable energy arm of Bangchak Corporation Plc, plans to build Asean's largest wind farm in Laos to generate revenue from rising demand for electricity.

The company announced it will spend US$ 840 million, around 26.8 billion baht, developing the facility, with a capacity of 600 megawatts, on 400,000 rai in southern Laos.

The farm will be located near the Mekong River across Ubon Ratchathani.

Electricity will be sold to Vietnam's state-run Electricity Vietnam (EVN).

President and chief executive Bundit Sapianchai said his company plans to sign a power purchase agreement with EVN this October to kick start the project, named "Swan".

BCPG invests in the project through its subsidiary, Impact Energy Asia Development Co, acquiring 45% ownership. The other 55% is held by Impact Electrons Siam.

Swan construction will start after the signing. It is expected to operate by 2023.

Mr Bundit said BCPG is also in the process of purchasing a solar farm, currently under construction, at cost estimated at between $100 and $200 million. It has a capacity of up to 200MW.

He said Laos and Vietnam have an agreement to trade power across the border at a combined capacity of 5,000MW, so there is plenty of opportunity for investment.

Vientiane set an ambitious goal to be the "Battery of Asean".

Original Source:

BCPG's wind power facilities in Nakhon Si Thammarat. The company will spend US$840 million to develop a wind farm in southern Laos.
Created at 2020-07-28 22:50:29