Leader Energy, a Singapore-based renewable energy firm, is targeting a VND1.6 trillion ($60.75 million) wind power project in the central province of Gia Lai as it expands its footprint in Vietnam’s renewable energy market.
The move comes after the Gia Lai People’s Committee granted in-principle approvals to four wind power projects on February 3, with the provincial Department of Finance now inviting investor registrations.
A wind farm in Gia Lai province, central Vietnam. Photo by The Investor/Nguyen Tri.
The consortium consisting of Hanoi-headquartered An Phat Construction and Development Investment Consultation JSC and Leader Energy (Vietnam) Pte. Ltd. is the only one registering to invest in the Ia Hla Wind Power Plant project.
The project will be developed on an area of 24.76 hectares in Ia Ko and Chu Puh communes, with a capacity of 40 MW and an estimated annual output of 119.46 million kWh. Out of the total investment of VND1.6 trillion ($60.75 million), VND1.58 trillion is allocated to implementation costs.
Regarding investor capacity, An Phat was established in June 2018, with Nguyen Van Tung as its legal representative. Meanwhile, Leader Energy (Vietnam) Pte. Ltd. is part of Leader Energy, a Singapore-based renewable energy group active in solar, hydropower, wind energy, and energy storage systems.
In Vietnam, Leader Energy has steadily expanded its presence through several notable deals. In 2016, it acquired a 70% stake in Leader Nam Tien Hydropower JSC, which has a capacity of 51.7 MW.
In 2020, the group signed an agreement to acquire a 330 MW solar power project in Vietnam through Clean Energy Vision Development JSC.
