Deal #10162

The wind farm development area is approximately 70,828 hectares. Out of development farm area, it stated in the report that the projects’ concession area will be the land required to install and construct project facilities and ROW for related transmission line around 1,050 ha.

This Project is the first cross-border wind power project to be approved by the Government of Laos and Government of Vietnam in accordance with the MoU to supply power from Laos’ projects to Vietnam Electricity (EVN).

A concession agreement was signed by the developers with the Government of Laos for 25 years in December 2022, allowing other projects to be connected to Vietnam’s grid network.

Impact Energy Asia Development Limited (“IEAD”) (previously Impact Energy Asia Limited) entered into a Memorandum of Understanding (“MOU”) with the Government of Lao PDR (“GOL”) in November 2011 to exclusively study the feasibility of large-scale wind projects in three provinces in central and south of Lao PDR.

The construction of the wind farm commenced in April 2023. The project has begun installing wind power turbines. The facility is expected to start commercial operations in 2025.

The estimated cost of the Project is USD946 million. AIIB’s loan is USD72.55 million and the rest is to be funded by the Sponsor and other financial institutions including ADB and Japan International Cooperation Agency (JICA).