Acquisition completed of 30 MW Minh Luong hydroelectric power plant in Lao Cai province
RATCH Group Public Company Limited has announced its investment in the operating 30 MW Minh Luong hydroelectric power plant in Lao Cai province, Vietnam.
The acquisition of a 100% stake from Nam Tien Group was successfully finalized on December 29, 2023, through NEXIF RATCH Energy Investment Pte. Ltd. (NREI), a joint venture in which RATCH Group holds a 49% equity share valued at USD 25 million. The run-of-river hydroelectric power plant, which commenced commercial operations in 2018, generates approximately 103.15 GWh of electricity annually. This power is purchased by the Vietnam Electricity Authority under a 20-year power purchase agreement.
RATCH Group, spearheading development and investment in Vietnam through NREI, is actively involved in various projects, including a 12 MW hydroelectric power plant currently under construction and five solar and wind power projects in development, totaling around 520 MW in capacity. Upon the successful development and completion of these pipeline projects, the Company's renewable portfolio is expected to reach close to 30% of the total capacity by the 2030 goal.
Country updates
-
-
December 05, 2023
Sev.en Global Investments acquires 51% stake in coal-fired plant from AES Corporation
AES Corporation announced that an agreement had been reached with Sev.en Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam. The plant is constructed...
Read more -
November 28, 2023
Invest Gains to sell 7.5% stake in Coro Renewables
Invest Gains Viet Nam Co., Ltd., Coro's partner in Vietnam which is inclusive of Vinh Phuc Energy, has agreed to sell 7.5% of its 15% equity interest in Coro Renewables in Vietnam. The company increa...
Read more -
April 18, 2023
ADB, GEAPP to provide US$35mn to boost energy access and energy transition in South and Southeast Asia
The Asian Development Bank (ADB) and the Global Energy Alliance for People and Planet (GEAPP) have announced a US$35 million contribution to assist the energy transition and expand energy access in So...
Read more -
March 27, 2023
JERA concludes acquisition of minority stake in in Gia Lai Electricity Joint Stock Company
JERA Co. Inc. has completed the acquisition of a 35.1% stake in Gia Lai Electricity JSC (GEC) from the energy development arm of TTC Group. The acquisition was made through a full buy-out of the GEC s...
Read more -
February 23, 2023
AFRY awarded owner’s engineering services for Huong Hoa 1 wind project in Quang Tri
AFRY has been awarded an owner’s engineering service assignment for the development of the 48 MW Huong Hoa 1 onshore wind project located in Quang Tri province in Vietnam. The projec...
Read more
