Shikoku Electric Power Incorporated : Equity Participation in Solar Photovoltaic Power Generation Project in Phu Yen Province, Vietnam
November 02, 2022 at 01:10 am EDT
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November 2nd, 2022
Shikoku Electric Power Co., Inc.
Equity Participation in Solar Photovoltaic Power Generation Project
in Phu Yen Province, Vietnam
We, Shikoku Electric Power Co., Inc. ("Shikoku Electric"), are pleased to announce that we decided to participate in a solar photovoltaic power generation project which is owned by TTVN*1 and B.Grimm*2 in Phu Yen Province, the Socialist Republic of Vietnam ("Vietnam"). We signed share purchase agreement with TTVN for acquiring a part of their interest of this project on November 1st, 2022. This is the first renewable IPP project in Vietnam for us.
This project has been generating power with a capacity of 214MW since 2019 in Phu Yen Province, Vietnam, supplying electricity to Vietnam Electricity under a long-term power purchase agreement until 2039. We will support this project to further improve its stable and effective operation.
We are further expanding our international business including renewable power projects.
*1 Truong Thanh Vietnam Group JSC, a renewable energy and real estate company in Vietnam *2 B.Grimm Power PCL, an energy company in Thailand
[Annex] Project overview of the solar photovoltaic power generation project in Phu Yen Province, Vietnam
[Annex]
Project Overview
Project Name
Phu Yen Solar Photovoltaic Power Generation Project
Project Company
Phu Yen TTP Joint Stock Company
Location
Phu Yen Province, Vietnam
Capacity
214MW (Our net capacity: 32MW)
Shikoku Electric
： 15
%
Equity Participants
B.Grimm
： 80
%
TTVN
： 5 %
Offtaker
Vietnam Electricity (EVN)
COD
2019
Location
Hanoi
Project Site
(Phu Yen)
Ho Chi Minh City
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Shikoku Electric Power Company Inc. published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 05:09:11 UTC.
Shikoku Electric Power Company, Incorporated is principally engaged in electricity generation and supply business. The Company operates in four segments. The Electricity division distributes electricity. The Information Communication division is involved in the provision of fiber to the home (FTTH) service, cable television broadcasting service, corporate communication service, information system service and cloud service, among otherrs. The Construction and Engineering segment conducts research, design and construction of electrical, mechanical, civil engineering and construction related works. The Energy segment sells and leases power-using equipment, supplies heat, stores and vaporizes liquefied natural gas (LNG), manages overseas businesses, as well as procures coal products.
SHIKOKU ELECTRIC POWER COMPANY, INCORPORATED 
