BCPG Pcl., a Thailand-based developer and owner of renewable energy projects in the Asia-Pacific region, has entered into a power purchase agreement with Electricity of Vietnam for the development of a 600MW wind power plant in Laos to deliver green energy to Vietnam.
|BCPG from Thailand will supply power from Laos to Central Vietnam |
Not only will the Monsoon Wind Project be ASEAN’s largest wind farm, it will also be the region’s first cross-border wind energy project. The wind farm will be located in Sekong and Attapeu provinces in Southern Lao PDR and the wind farm will deliver green energy from Lao PDR to Central Vietnam through the project’s 500kV transmission line. The construction is expected to commence in 2022, with the commercial operation date targeted by 2025.
The Monsoon Wind Project will supply green energy to Vietnam to support the country's growing economy and carbon footprint reduction efforts. ASEAN's largest wind farm is projected to save over 35 million tonnes of greenhouse gas over its lifetime, a meaningful boost to the ambitious global effort to achieve net-zero by the middle of the century. The project also enhances Vietnam's grid stability as the majority of the project's electricity will be generated during the dry season, which is complementary to Vietnam’s existing supply of hydropower electricity that is generated mostly during the wet season.
Impact Energy Asia Development Ltd. (IEAD), an associate of BCPG, signed the PPA with EVN on July 12. IEAD has been developing the Monsoon Wind Project since 2011.
Paradai Suebma, chairwoman of IEAD, commented that, "While many tasks remain to be fulfilled, the signing of ASEAN’s first cross-border PPA marks a symbolic collaboration between Laos, Vietnam, Japan, and Thailand to work towards the global quest of net-zero emissions. We are part of the global fight against climate change and the journey to uplift the well-being and happiness of local communities in which we operate."
She stated further, "We have always known that Lao possessed strong natural resources – this project shows the carbon credentials of Laos as the wind is harnessed to power Vietnam and possibly other ASEAN nations with clean and stable electricity."
IEAD is a partnership between Impact Wind Investment Ltd., which holds 55 per cent, and BPCG which has 45 per cent. Impact Wind Investment Ltd. is backed by Mitsubishi Corporation, a global integrated business enterprise in Japan.