Deal #9495

Vietnam

Created at

2022-06-23

Last update

2024-04-09

Last full update

2024-04-09

Land area

Size in operation (production)

[2018-05-25] 69.5 ha
[2018-08-10, current] 119.5 ha

Intention of investment

[2018-05-25, current] Solar park (69.5 ha)
[2018-08-10, current] Solar park (50 ha)

Comment on intention of investment

TTC Solar Power Project No. 01 has been built on an area of 69.5 hectares, solar PV panels installed on 42.5 hectares, and has a capacity of 68.8 MWp. TTC Solar Power Project No. 02, situated next door, has been built on an area of 50ha, with PV panels occupying 39.2 hectares, and has a capacity of 50 MWp. [Source: TTC]

Nature of the deal

Lease

Negotiation status

[2018-04-06, current] Concluded (Contract signed)

Comment on negotiation status

Thai power firm Gulf Energy Development plans to build a 48MW solar project in Vietnam in partnership with conglomerate Thanh Thanh Cong Group (TTC Group), according to a filing on the Stock Exchange of Thailand. The Project has been approved by the Ministry of Industry and Trade of Vietnam to sell electricity to the utility EVN under a 20-year contract

Implementation status

[2018-05-25] Startup phase (no production)
[2018-08-10] Startup phase (no production)
[2019-03-06] In operation (production)
[2019-04-19, current] In operation (production)

Comment on implementation status

TTC Solar Power Project No.01 officially started the construction of ground leveling on May 25, 2018 with the total investment of approximately $65 million. Due to effective support from the management, staff, and contractors, after only 10 months of construction the project was put into operation on March 6, 2019. TTC solar power project No.02 officially started the construction of ground leveling on August 10, 2018 with the total investment of approximately $50 million. After only eight months of continuous work, the project was put into commercial operation on April 19, 2019.