BCPG Invests ฿3.4bn in Hydro Power in Lao and Substation in Vietnam
BCPG Invests ฿3.4bn in Hydro Power in Lao and Substation in Vietnam
BCPG Public Company Limited (BCPG) announced a subsidiary BCPG Indochina Co., Ltd. (BIC) has acquired all shares in Nam San 3B Power Sole Co., Ltd to invest in hydro power plant project in the Lao People’s Democratic Republic and investment in the construction and operation of transmission line system and substation to the Socialist Republic of Vietnam.
The acquisition of all shares in Nam San 3M Power Sole Co., Ltd, a limited liability company registered in the Lao PDR is aimed to invest in a hydro power plant project with the total installed capacity of 45 MW located in the Lao PDR. And to invest in the construction and operation of transmission line system and substation. BIC will make a joint investment with the Seller to construct and operate the transmission line system and substation from Nam San 3A and Nam San 3B to the substation owned by Vietnam Electricity (EVN) at the border of Lao-Vietnam.
Nam San 3B is a Build-Operate-Transfer (BOT) Concessionaire to develop and operate the Project and a contractual party to the power purchase agreement with Électricité du Laos (EDL), the contract term is 27 years starting from 25th August 2015 (Commercial Operation Date) with the total contractual capacity of 45 MW, currently, the project has completed its construction and is under commercial operation.
On 4th January 2020, Nam San 3B entered into the power purchase agreement with Vietnam Electricity (EVN) to sell electricity to EVN instead of EDL.
BCPG will invest in the Nam San 3B hydro power plant project with the total amount of 113 million dollars or approx. 3,447 million baht.
