Vietnam’s solar farms attract Thai investors

Monday, 2020-10-05 16:48:28
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A solar farm in Ninh Thuan (Photo: VNA)
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NDO/VNA – WHA Utilities and Power (WHAUP), which provides utilities under WHA Corp, Thailand's biggest industrial land developer and operator, is planning to acquire three solar farms under its new asset acquisition plan in Vietnam.

Bangkok Post newspaper quoted WHAUP chief executive Niphon Bundechanan as saying that the company is approaching solar farm operators to negotiate deals to acquire their facilities for operation s with capacities ranging from 50 to 250 MW.

He did not disclose the ownership proportion of the new assets, saying only that his company plans to be a majority shareholder or full owner. Investment value was not revealed. The company expects to close the deals early next year.

For the water business, WHAUP is planning the second-phase development of two tap-water supply facilities in Hanoi and in Cua Lo in the central province of Nghe An, which the company acquired last year.