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BCG Signing A Cooperation Agreement With Unisun Energy And Coara Solar For A Second Solar Energy Project In Long An Province

2017-07-12 11:21

SINGAPORE, July 12, 2017 /PRNewswire/ -- Bamboo Capital (HSX: BCG) has signed a Cooperation Agreement with Unisun Energy Group (China) and Coara Solar (Germany) regarding the 40 MW solar energy project in Long An Province.

Representatives of BCG, Unisun Energy, and Coara Solar at the signing ceremony.
Representatives of BCG, Unisun Energy, and Coara Solar at the signing ceremony.

This will be the second solar power plant of BCG in Thanh Hoa District, Long An Province with a total investment of 40 million USD. Being similar to the first 100 MW plant owned by Hanwha - BCG Bang Duong Joint Venture, this 40 MW plant will start construction in Q1/2018 and is expected to generate power in Q2/2019. At the moment, Long An Province has approved the allocation of 175 hectares of land for BCG to start implementing these two projects.

With vast experience in development and construction of renewable energy projects, Coara Solar will be involved as an EPC contractor who provides technology, engineering and installation consultancy; whereas Unisun Energy Group will invest and finance the entire project. Meanwhile, BCG will take care of the paperwork, investment license and negotiate on the Power Purchase Agreement (PPA) with EVN.

Mr. Nguyen Ho Nam, Chairman of BCG said, "Partnerships with global well-known corporations like Unisun Energy (China), Coara Solar (Germany) and Hanwha (Korea) will support BCG's continuous and rapid growth in the renewable energy sector, which is currently a dynamic and attractive sector in Vietnam. The cooperation reflects investors confidence in BCG's capability to meet international standards as well as the ability to execute business plans that deliver long-term value for the company's partners, shareholders and the society as a whole."

Having set the goal of becoming one of the leading companies in the field of renewable energy in Vietnam, apart from the two solar projects in Long An Province, BCG also plans to launch and implement other solar projects in Quang Nam and Gia Lai Provinces.

Bamboo Capital Group
Bamboo Capital Joint Stock Company (BCG) is a multi-disciplinary investment company operating in such areas as Agricultural Trade, Infrastructure Development and Renewable Energy Development. BCG is a listed company on Ho Chi Minh City Stock Exchange (HSX), with a charter capital of 1,080 billion VND.

Unisun Energy Group
Unisun Energy Group is a global, renewable energy solutions provider with extensive experience and capabilities in the areas of solar PV facility investment, development, construction, and smart energy management. With teams of elite professional, rigorous German engineering principles, scientific management processes and impeccable quality standards, Unisun Energy Group provides high standard, high quality, and high return energy solutions to many of its Fortune 500 clients. The company has subsidiaries and operation in China, Japan, USA, The Netherlands, The Philippines, India and Australia.

Coara Solar
Coara Solar develops and builds utility-scale renewable energy projects for commercial rooftops, large-scale ground mounted Solar Utility Farms and Solar Island Solutions focusing on emerging markets in South East Asia, India, Sri Lanka and Australia.

For more information, please contact
Ms. Dinh Doan Sao Kim – Head of Bamboo Capital Media
Mobile: +84 903 657 103, Email: 

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Source: Bamboo Capital Group

Related stocks: Vietnam:BCG

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