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    Toyo Ventures inks deal with TIGB, CEEIC for Vietnam power plant project

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    NE’s largest, 600 MW Hydro Power Plant of NEEPCO synchronizes its last unit

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    Hydropower Advocates and Environmental Groups Reach Historic Agreement

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Enel Green Power starts construction of 1.3 GW of new renewable capacity in Brazil

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    GWEC India to help develop India’s vast wind power potential and support green recovery

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    China's CEIC, China Reform set up $1.55 bln new energy fund

    China’s CEIC, China Reform set up $1.55 bln new energy fund

    Toyo Ventures inks deal with TIGB, CEEIC for Vietnam power plant project

    Toyo Ventures inks deal with TIGB, CEEIC for Vietnam power plant project

    NE's largest, 600 MW Hydro Power Plant of NEEPCO synchronizes its last unit

    NE’s largest, 600 MW Hydro Power Plant of NEEPCO synchronizes its last unit

    Hydropower Advocates and Environmental Groups Reach Historic Agreement

    Hydropower Advocates and Environmental Groups Reach Historic Agreement

    Statkraft seeks planning nod for 49.9-MW Scottish wind farm

    Statkraft seeks planning nod for 49.9-MW Scottish wind farm

    GWEC India to help develop India’s vast wind power potential and support green recovery

    U.S. Manufacturers To Partner on Distributed Wind Technology Innovation

    Bruc Energy, the company owned by Ontario Pension

    Bruc Energy and Forestalia sign solar energy agreement

    EDF Renewables, Mitsui break ground on 87-MW wind project in Morocco

    Equinor, BP win New York contracts for offshore wind power

    China installed 48.2 GW of new solar capacity in 2020

    China installed 48.2 GW of new solar capacity in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

    Bolivia will invest US $ 2,560 million for electricity reserves

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    China doubles new renewable capacity in 2020 and raises thermal plants base to five-year high

    China doubles new renewable capacity in 2020 and raises thermal plants base to five-year high

    The first floating wind farm in continental Europe is now fully operational

    Vattenfall sign agreement for balancing services and market access for Markbygden Phase II North wind farm

    Clir Renewables selected to optimize Africa's largest wind farm

    Clir Renewables selected to optimize Africa’s largest wind farm

    Enel Green Power starts construction of 1.3 GW of new renewable capacity in Brazil

    Enel Green Power starts construction of 1.3 GW of new renewable capacity in Brazil

    GWEC India to help develop India’s vast wind power potential and support green recovery

    GWEC India to help develop India’s vast wind power potential and support green recovery

    Tanzania plans to construct hydropower plants and transmission lines

    ABB and Statkraft to boost hydropower efficiency in Norway

    EDF Renewables North America Signs Virtual Power Purchase Agreement with Nucor Corporation

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    New DNV GL class rules for floating offshore wind energy expands industry horizon

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    Iberdrola strengthens commitment to Portugal with the latest photovoltaic auction

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Toyo Ventures inks deal with TIGB, CEEIC for Vietnam power plant project

in News, Thermal Power
Toyo Ventures inks deal with TIGB, CEEIC for Vietnam power plant project

Toyo Ventures Holdings Bhd has entered into an investment and development agreement with its wholly-owned subsidiary Toyo Ink Group Bhd (TIGB) and also China Energy Engineering Investment Corporation Ltd (CEEIC) for the development of the Song Hau 2 Thermal Power Plant project in Vietnam.

In a filing with Bursa Malaysia today, Toyo Ventures said the agreement was aimed at providing a framework for a proposed divestment of the investment holding company’s equity interest in TIGB to the Chinese state-owned CEEIC.

“A substantive agreement will be finalised and executed within eight months from the date of the agreement,” it said, adding that the 2×1,060 megawatt coal-fired power plant is located in Hau Giang province.

In 2007, TIGB, which specialises in manufacturing printing inks and other materials, submitted a proposal to the government of Vietnam to undertake a power plant project in a suitable province in Vietnam.

The total investment of the project, as approved by the Vietnamese government, was estimated at US$3.243 billion. The project was intended to be financed through a combination of equity funds and bank borrowings.

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