BCPG confirms progress on 220-kV transmission line system project, expecting to sell electricity to Vietnam within 2022
Bundit Sapianchai, President and CEO of BCPG Public Company Limited, stated that the Company’s 114-MW hydropower plants in Xiangkhouang Province, Laos – Nam San 3A and Nam San 3B – which are now under a power purchase agreement with Électricité du Laos (EDL), are expected to start selling electricity to Vietnam Electricity (EVN) in 2022 through the 220-kV transmission line system for 25 years.
According to Bundit, BCPG is now developing the 220-kV transmission line system project which can transmit electricity up to 500 MW from Laos to Vietnam, including electricity generated from Nam San 3A, Nam San 3B, and other nearby power projects. The Company will sell electricity from Nam San 3A and Nam San 3B to Vietnam in USD and Take-or-Pay scheme. The 220-kV transmission line system project could enhance BCPG’s business opportunity on transmission line service and the driving strategy of Laos’ government on the Battery of Asia.
“We have seen Laos as a strategic area for power production of Asia, and we are also aware of an increase in electricity demand in Vietnam as the country is growing fast. The Company’s investments in hydropower plants in Laos and transmission line system project for selling electricity generated in Laos to Vietnam could bring about good financial performance and competitive return in the long run”, said Bundit.