Thai firm eyes investment in Laos wind farm to sell electricity to Vietnam
Thai renewable energy company BCPG plans to build Southeast Asia’s largest wind farm in Laos and sell its electricity to Vietnam.
The company announced it will spend US$840 million developing the facility, which has a capacity of 600 megawatts (MW), on 64,000 hectares in southern Laos, according to Bangkok Post.
The farm will be located near the Mekong River across the city of Ubon Ratchathani.
Electricity will be sold to Vietnam’s state-run Electricity Vietnam (EVN).
BCPG’s 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.’
The company invests in the project through its subsidiary, Impact Energy Asia Development Co., which it owns 45 percent. The other 55 percent is held by Impact Electrons Siam.
Swan construction will start after the signing. The wind farm is expected to enter operation in 2023.
Bundit 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.
BCPG previously took over the 114MW Nam San 3A and 3B hydropower plants from a firm in Laos to sell electricity to EVN.