Page 11 - AsiaElec Week 04 2021

AsiaElec NEWS IN BRIEF AsiaElec

initial focus on Indonesia, Vietnam, and the
Philippines. It is managed by Clime Capital.
Electricity consumption in Vietnam
is forecast to rise by 8% a year from 2021
through the end of the decade. The potential
for wind power is a key element of its plans to
double the use of renewable energy to meet
rapidly growing electricity demand in the next
decade.
“Levanta’s developments in the Central
Highlands and coastal regions aim to
demonstrate the region’s viability as a wind
power corridor, and thanks to this timely
investment, we are well-positioned to secure
the required development capital funding
from a top-tier global strategic investor,” says
Sudhir Nunes, co-founder and managing
the heart of the Danish government,” said Mr Those tidal fluctuations also made the director at Levanta Renewables.
Jørgensen. construction process more difficult, the site The SEACEF investment will help advance
“This new commission is an important manager said, reducing the amount of time the portfolio at a time when the future price
contribution to secure an inclusive global available to build each day. Investments were of wind power beyond 2021 has not yet been
energy system and putting people at the heart made to increase the number of workers confirmed by the Vietnamese government,
of clean energy transitions. We have to act on-site each day during available hours to which risks causing a slowing down of private
now to fight the climate changes, but we will construct the first phase of the project on sector investment into the sector. The initial
only succeed if we are able to inspire and time. funding will support the installation of met
include people in a socially balanced way,” Mr masts to analyze and confirm the wind
Jørgensen added. resource, advance critical regulatory permits,
IEA and confirm environmental and social
WIND viability.
SEACEF to invest in Vietnam
SOL AR
300MW tidal flat solar wind power GAS-FIRED GENERATION

project takes shape in South East Asia Clean Energy Facility Thailand’s TTCL to develop
(SEACEF) has finalised an investment
China facility with Levanta Renewables, which Myanmar LNG power facility
has a portfolio of development projects in
The first phase of a 300MW utility-scale solar Vietnam. This was announced on January TTCL Public Co has signed a power purchase
project built on a coastal tidal flat in China 19 by Clime Capital, the Singapore-based agreement with Electric Power Generation
have been connected to the grid. investment management company focused Enterprise (EPGE), a state-owned enterprise
The project, contracted by the 12th Bureau on accelerating the low-carbon transition in under the Myanmar Ministry of Electricity
of Hydropower in China, is believed to be the Southeast Asia. and Energy (MOEE), for a liquefied natural
world’s largest solar installation to be built on The investment is being made in a gas-to-power project in the Yangon region.
a tidal flat, spanning more than 4,500 acres. portfolio of three early-stage onshore wind The agreement was signed on January 20
It will combine more than 685,000 400W power projects, with a combined capacity of by TTCL Power Myanmar Co (TPMC), a
monocrystalline silicon modules with 1500V around 330MW. subsidiary of Bangkok-based TTCL, which
string inverters provided by Solis, while a new Levanta Renewables’ projects are mostly is a joint venture between Toyo Engineering
220kV booster station has been built for the located in Vietnam’s Central Highlands Corporation of Japan and Italian-Thai
site. Power generated at the site is converted region. Wind power developments in this Development Public Company Limited.
into AC and then boosted to 35kV within the region promise to open new wind corridors TPMC will develop the 388MW Ahlone
substation, before being exported to the grid. with more modest wind speeds and better LNG-to-power project in Ahlone township,
Given its location on a tidal flat, the entire transmission access. Yangon region.
solution has been optimised and protected “We are excited at this opportunity to Total investment is estimated at US$685
from the elements it will face, including provide critical capital at a key stage in the million. The Ahlone LNG Power Project
waterproofing, sandproofing, corrosion development of these promising projects is being developed under a build-operate-
prevention and other structure and internal in Vietnam,” comments Mason Wallick, transfer (BOT) structure, with a 25-year term.
electrical arrangements. managing director at Clime Capital. “This The engineering, procurement and
Inverters were also installed at a height of is what SEACEF is designed to do – our construction (EPC) works comprise the
at least five metres – greater than the usual investments catalyze the private sector.” power plant, plus a 28-kilometre transmission
height – in order to accommodate tidal SEACEF is backed by leading international line, a 25-kilometre gas pipeline, and an LNG
fluctuations of the water level. climate foundations and investors, and has an receiving terminal. The scope of the project

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