This afternoon June 30th, 2016, in Ho Chi Minh city, Thanh Thanh Cong Investment JSC (Nucleus of TTC Group), G...
This afternoon June 30th, 2016, in Ho Chi Minh city, Thanh Thanh Cong Investment JSC (Nucleus of TTC Group), Gia Lai Electricity JSC (GEC) with International Finance Corporation (IFC) and Armstrong Renewable Energy Capital (Singapore) officially sign the strategic partnership.
This is the first energy project of two these international organizations in Vietnam, in strategic orientation of players in order to widen investment portfolio in hydroelectricity, enhancing activities in line with international standard, create renewable energy development basis such as: wind power, solar power.
Investment funds of IFC and Armstrong in this deal are 16% and 20% respectively regard to GEC’s equity – TTC’S Leading Energy Subsidiary, currently leading of small and medium scale hydroelectricity in the Middle and the West with 15 factories, total capacity is 84 MW.
Source: Bao Dau Tu