Page 12 - AsiaElec Week 48 2020

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on July 12, 2020. That particular machine
was installed off the coast of China’s Fujian
province.

SOL AR

Gunkul in $39.9m Vietnam
solar deal

Gunkul Engineering Plc has taken over a solar
farm in Vietnam at a cost of $39.9 million,
or 1.26 billion baht, to rack up revenue in
renewable energy businesses it believes have
high growth potential.
The firm became the sole owner of
Vietnam-based Doan Son Thuy Investment
JSC (DST) and is ready to operate
50-megawatt Phong Dien II solar power plant
in Hue, said Gunkul chief executive Sopacha
Dhumrongpiyawut.
The firm became the sole owner of
Vietnam-based Doan Son Thuy Investment
JSC (DST) and is ready to operate
50-megawatt Phong Dien II solar power plant on-year decrease of 10.5 percent, followed by “very positive” with the new development in
in Hue, said Gunkul chief executive Sopacha atomic power generation (28.5 percent, up 3.1 the project implementation, despite having
Dhumrongpiyawut. percent) and LNG-based power generation faced with various challenges in the early stage
She said the deal, which was concluded last (25.5 percent, up 0.2 percent). including the changes in local government
week, includes the purchase of 49% of shares When it comes to renewable energy-based and authorities.
from Bangjak Green Energy Co, a subsidiary power generation, the generation volume “With this announcement, we are
unit of Bangkok-based BS Industry Service decreased 2.5 percent year on year to 28,123 confident of securing more power projects
Co, and 51% of shares from two individual GWh in spite of the government’s promotion into the portfolio.
Vietnamese shareholders. policies. Its ratio just edged up from 6.5 “The Bina Puri group has been actively
Construction of Phong Dien II plant was percent to 6.8 percent. participating in the tender for projects
recently completed. The facility will connect to South Korea’s reliance on coal-based power both local and overseas, and will make the
the state grid, operated by Vietnam Electricity, generation is unlikely to show any meaningful appropriate announcements on further
under a power purchase agreement, with a decrease for a while as new coal-fired power projects secured to keep investors and the
feed-in tariff of $0.0709 per kilowatt-hour plants are scheduled to be put into operation public informed from time to time,” he said.
(unit) granted to the operator for 20 years. within three years. On June 5, 2017, Bina Puri power unit
PT Megapower Makmur (MPOW), an
independent power producer, was listed on
the Indonesian stock exchange (IDX).
COAL SOL AR MPOW is operating four diesel power
plants with a combined capacity of 14MW
South Korea Still Heavily Malaysia’s Bina Puri to at four locations in Indonesia and a 4.2MW
mini-hydro plant at Sulawesi Selatan.
Dependent on Coal for develop large solar project linked company being successfully listed on
Bina Puri is the first non-government
Power Generation in Sabah IDX.
Bina Puri also supported the green energy
he South Korean government is aiming to Bina Puri Holdings Bhd, through its wholly- initiatives by installing solar panels along the
achieve carbon neutrality by 2050. However, owned BP Energy Sdn Bhd, will develop KL-Kuala Selangor Expressway to reduce
coal-based power generation still accounts a five megawatt (MW) of large scale solar energy bills under an arrangement with
for as much as 36.8 percent of South Korea’s photovoltaic (PV) plant in Kunak, Sabah. Tenaga Nasional Berhad.
overall power generation. Bina Puri said it had received a letter of
KEPCO announced on Nov. 29 that South notification dated November 16, 2020 from
Korea produced 412,397 GWh of electricity the Energy Commission on the revision of the
from January to September this year, down 2.5 commercial operation date to December 31,
percent from a year ago. 2022.
Coal-based power generation accounted Bina Puri group executive director Datuk
for 36.8 percent of the production with a year- Matthew Tee Kai Woon said the company was

P12 www. NEWSBASE .com Week 48 02•December•2020