BCPG Announced that a Impact Energy Asia Development Limited (IEAD) has entered into a power purchase agreement (PPA) with Vietnam Electricity (EVN) for a 600-MW Monsoon wind power project in Laos.
Impact Energy Asia Development Limited (IEAD) is a partnership between Impact Wind Investment Limited, which holds 55%, and BPCG Public Company Limited, a leading renewable energy company in Thailand and Asia-Pacific, which has 45%.
Not only will the Monsoon Wind Project be ASEAN’s largest wind farm, but it will also be the region’s first cross-border wind energy project. The wind farm will be located in the 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 project will supply green electricity via a 500-kV transmission line to Quang Nam province in Vietnam.
IEAD has been developing the Monsoon Wind Project since 2011 in the Sekong and Attapeu provinces of Lao PDR. 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 Lao PDR, 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 Lao PDR as the wind is harnessed to power Vietnam and possibly other ASEAN nations with clean and stable electricity.”