Trungnam Group Sells 49% Stake In Vietnam Solar Plant

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The Trungnam Group, a HCMC, Vietnam based group with interests in real estate, infrastructure and energy has sold a 49 percent stake in a central Vietnam solar power plant to an electricity equipment manufacturer. The sale value has not been disclosed. The stake has been bought by A Chau Industrial Technology, a manufacturer of electrical equipment that has been showing increasing interest in solar power development in recent years. It now operates five solar power plants nationwide.

Almost 3 years ago, the TrungNam group had started operating its VND5 trillion ($217.63 million) 204-megawatt Trung Nam Thuan Bac Solar Power Plant in Ninh Thuan Province. The plant could produce 450 million kilowatt-hours of electricity a year with its 700,000 solar panels.

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