THURSDAY, March 28, 2024
nationthailand

Ratch subsidiary signs deal for wind power project in Vietnam

Ratch subsidiary signs deal for wind power project in Vietnam

RH International (Singapore) Corporation Pte Ltd, a wholly-owned indirect subsidiary of Ratch Group Pcl, has signed a joint development agreement with Nexif Energy Pte Ltd in Vietnam on Friday for developing the Nexif Ben Tre wind power project.

Ratch chief executive officer Kijja Sripatthangkura informed the Stock Exchange of Thailand that the project participation would be at 50:50 per cent after further development and any required approvals.

He explained that the Nexif Ben Tre wind power project would generate 80 megawatts of wind power at Ben Tre province in southern Vietnam. The electricity will be sold to Vietnam Electricity under a long-term power purchase agreement.

“Currently, the project is under green-field development and under negotiation, expected to be ready for commercial use in 2022,” he said.

nationthailand