The renewable arm of the Thai Bangchak Corporation BCPG has selected the Asian Development Bank as lead arranger for the 600 MW Monsoon wind project in Laos for a total loan amount of THB22bn (US$650m). The cross-border wind project between Lao PDR and Vietnam is located in the Sekong and Attapeu provinces in southern Lao PDR. The project is developed by Impact Energy Asia Development Limited or IEAD, a joint venture between Impact Wind Investment Limited and BCPG. In July 2021, IEAD signed a power purchase agreement with the Vietnamese state-owned power utility Électricité du Vietnam (EVN) to deliver energy from the project in Laos to Da Nang, Vietnam, through the project’s 500 kV transmission line. IEAD aims to start the project construction in the second half of 2022 and targets a commercial operation date by 2025.
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