Mitsubishi to invest in Laos’ first wind farm, largest in Southeast Asia

Japan’s industry conglomerate Mitsubishi Corporation will invest in a 600-megawatt wind farm in Laos, the country’s first and the largest so far across Southeast Asia, which will supply electricity to Vietnam.

Mitsubishi said on June 16 that it reached an agreement to invest in the project’s developer, Impact Energy Asia Development, through an intermediate holding company together with a group company of Impact Electrons Siam of Thailand.

The estimated cost of the project is between $900 million and $1 billion, according to Impact Electrons Siam.

It is planned to sell power to Vietnam’s state-owned Vietnam Electricity over 25 years by means of a dedicated power transmission line.

“Laos Monsoon Wind Power Project”

The wind farm, dubbed “Laos Monsoon Wind Power Project,” will be located in Sekong and Attapeu provinces in southern Laos close to the Vietnamese border and will operate at a high rate during the dry season, when hydro power generation is limited. This would stabilise Vietnam’s power supply while making the country’s energy mix greener.

The project is located on a 1,100- to 1,500-meter high elevated plateau along the main highway connecting Ubon Ratchatani, Thailand with Danang, Vietnam in one of the region’s least developed locations. It is targeted to commence commercial operation by 2023 and would offset over 35 million tonnes of CO2 throughout its lifetime, the developer says.

First cross-border wind power interchange in the region

Vietnam needs additional power supply to support its economy, especially in the dry season

The wind farm development is in line with a 2016 memorandum of understanding on power interchange between the Vietnamese and Lao governments. Originally, the partner in the joint venture with Impact Electrons Siam was BCPG, the renewable energy arm of Thailand’s oil and energy company Bangchak Corporation, but it seems to have backed out of the project.

If electricity exports from this project are realised, it will be the first cross-border electricity interchange from wind power generation in Southeast Asia.



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Japan’s industry conglomerate Mitsubishi Corporation will invest in a 600-megawatt wind farm in Laos, the country’s first and the largest so far across Southeast Asia, which will supply electricity to Vietnam. Mitsubishi said on June 16 that it reached an agreement to invest in the project’s developer, Impact Energy Asia Development, through an intermediate holding company together with a group company of Impact Electrons Siam of Thailand. The estimated cost of the project is between $900 million and $1 billion, according to Impact Electrons Siam. It is planned to sell power to Vietnam’s state-owned Vietnam Electricity over 25 years by...

Japan’s industry conglomerate Mitsubishi Corporation will invest in a 600-megawatt wind farm in Laos, the country’s first and the largest so far across Southeast Asia, which will supply electricity to Vietnam.

Mitsubishi said on June 16 that it reached an agreement to invest in the project’s developer, Impact Energy Asia Development, through an intermediate holding company together with a group company of Impact Electrons Siam of Thailand.

The estimated cost of the project is between $900 million and $1 billion, according to Impact Electrons Siam.

It is planned to sell power to Vietnam’s state-owned Vietnam Electricity over 25 years by means of a dedicated power transmission line.

“Laos Monsoon Wind Power Project”

The wind farm, dubbed “Laos Monsoon Wind Power Project,” will be located in Sekong and Attapeu provinces in southern Laos close to the Vietnamese border and will operate at a high rate during the dry season, when hydro power generation is limited. This would stabilise Vietnam’s power supply while making the country’s energy mix greener.

The project is located on a 1,100- to 1,500-meter high elevated plateau along the main highway connecting Ubon Ratchatani, Thailand with Danang, Vietnam in one of the region’s least developed locations. It is targeted to commence commercial operation by 2023 and would offset over 35 million tonnes of CO2 throughout its lifetime, the developer says.

First cross-border wind power interchange in the region

Vietnam needs additional power supply to support its economy, especially in the dry season

The wind farm development is in line with a 2016 memorandum of understanding on power interchange between the Vietnamese and Lao governments. Originally, the partner in the joint venture with Impact Electrons Siam was BCPG, the renewable energy arm of Thailand’s oil and energy company Bangchak Corporation, but it seems to have backed out of the project.

If electricity exports from this project are realised, it will be the first cross-border electricity interchange from wind power generation in Southeast Asia.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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