Week In South East Asia: Vietnam’s Gia Lai Approves Investment Plan For Solar Farm; Cleantech Solar Completes Rooftop Plant In Malaysia and More

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Vietnam’s Gia Lai Approves Investment Plan For Solar Farm

The Vietnamese Central Highlands province of Gia Lai has approved the investment plan for the KN IaLy-Gia Lai solar power project. Gia Lai province borders Andong Meas and O’Yadav districts in Cambodia’s Ratanakkiri province. The project has a total investment of more than 9.55 trillion dong ($416 million). This solar farm project covers 533ha of water surface of Ia Ly hydropower reservoir and 5ha of land in Ia Ly commune, Chu Pah district. It will be designed to avoid impacts on farming and tourism activities as well as the local waterway traffic system and the operations of Ia Ly hydropower plant. Having a designed capacity of 500MW, the work will begin in the second quarter of next year and is expected to be completed in the fourth quarter of 2023. Its operation duration is 50 years.

Cleantech Solar Completes Rooftop PV Project For Kotra Pharma In Melaka

Cleantech Solar, a leading provider of renewable energy to corporations in Asia, celebrates the completion of a solar PV system for Kotra Pharma (M) Sdn Bhd, a wholly-owned subsidiary of Kotra Industries Bhd, which is listed on the main board of Bursa Malaysia. The solar project was awarded to Cleantech Solar under a long-term power purchase agreement (PPA) where Cleantech Solar would be responsible for funding, building, operating and maintaining the system across the term of the agreement. The solar system retrofitted on the facility is a great addition to Kotra Pharma’s world-class manufacturing and research plant. The plant, which is the hub for Kotra Pharma’s R&D and manufacturing activities, is designed with state-of-the-art technology as well as advanced pharmaceutical process equipment. The 600 kW solar system is expected to generate about 790 MWh electricity in the first year.

New CPI Study Finds Opportunities for Indonesia and South Korea to Improve Clean Energy Ambition through Post-COVID Recovery Plans

Indonesia aims to meet a 23% national renewable energy target by 2025 and South Korea plans to increase its share of renewable electricity production to 20% by 2030. A new report, “Leveraging fiscal stimulus to improve energy transition: Case of South Korea and Indonesia,”  analyzes the underlying opportunities of COVID-19 fiscal stimulus packages in achieving those clean energy and energy transition goals. The report finds that the impact of COVID-19 on the energy sectors of Indonesia and South Korea is quite similar. Both countries saw a decline in electricity consumption in the industrial and commercial sectors and an increase in residential electricity demand, mainly as an immediate response to the COVID-19 containment measures. However, energy consumption in the industrial and commercial sectors is expected to go back to business-as-usual once the pandemic is under control in both countries.

BCPG Announces Q1/2021 Performance with a 21% Profit Increase

BCPG and its subsidiaries announced their operating results in Q1/2021 with a recurring net profit of THB 489 million, a 21.1% increase from the same period last year. The Company’s total revenue for Q1/2021 reached THB 1,047 million, or a 18.1% increase from the previous year, while the EBITDA rose 15.0% to THB 948 million.

According to Bundit Sapianchai, BCPG President, the significant contributor was the full-quarter revenue recognition of new green power projects;

1). Hydropower plant “Nam San 3B” (45 MW) in Laos acquired in February 2020

2). Four solar power plants (20 MW) in Thailand acquired in August 2020

AC Energy’s Renewable Energy to Power Pacific Synergy Plant

AC Energy Corporation has signed an agreement with Pacific Synergy, a fast moving consumer goods company, to provide its Laguna plant facility with 100% renewable energy during peak hours, eliminating an estimated 1,500 tonnes of CO2e for the duration of their engagement, the equivalent of taking ~324 cars off the road annually. Under the energy supply agreement, Pacific Synergy’s power needs during peak operational hours will be energized by renewable energy from AC Energy’s portfolio of operating wind, solar and geothermal power plants for the next two years, or around 28,913 MWh of renewable energy. This is the first renewable energy power purchase of the company for the electricity supply of its plant operations. Apart from ensuring that the energy they will use in operating their business will come from sustainable power sources, Pacific Synergy will also get to support the growth of the emerging renewables sector and take part in the energy transition from fossil fuels to green energy sources.

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