The Asian Development Bank (ADB) and Monsoon Wind Power Co have signed a financing agreement worth US$692.5 million to support the construction of a 600-megawatt wind power plant in southern Laos, the largest cross-border wind energy project in Asean.
The wind farm, comprising 133 wind turbines, will sell electricity to Vietnam.
BCPG Plc, the renewable power generation arm of energy conglomerate Bangchak Corporation Plc, is a major shareholder in the project through its subsidiary Impact Energy Asia Development.
An engineering, procurement and construction agreement was signed in December 2022 with PowerChina International to develop the project, which is called “Monsoon.”
ADB acts as the sole mandated lead arranger and bookrunner. It arranged and syndicated the entire financing package, the largest syndicated renewable project financing transaction in Asean.
The…
