RATCH Invests in a 29MW Wind Farm in Vietnam Worth ฿1.4bn, Expecting to COD in Sep 2021

Ratch Group Public Company Limited (RATCH) announced on May 22, 2020, the indirect subsidiary of RATCH has taken action in order to invest in Thanh Phong Wind Power Plant Project in the Socialist Republic of Vietnam as RH International (Singapore) Corporation Pte. Ltd., RATCH’s wholly owned indirect subsidiary, entered into Share Purchase Agreement of RATCH & AIDC Wind Energy Pte. Ltd. at 63.8 percent with Asia Investment, Development and Construction Sole Co., Ltd., the existing shareholder. After the share purchase is complete, RATCH will have indirect shareholding in Thanh Phong Wild Power Plant Project at 51 percent according to the conditions precedent of the Share Purchase Agreement and the approval from relevant government agencies.

The project is an onshore wind farm project with the generation capacity of 29.70 megawatts. It is located in Ben Tre Province in the south of the Socialist Republic of Vietnam. The project has 20-year power purchase agreement with Vietnam Electricity. The project cost is approximately USD 45 million. Currently, it is in preparation for construction. The commercial operation is scheduled in September 2021.