Impact Electrons Siam Limited (IES), Asia Pacific’s leading renewable energy solutions provider, has recently held a blissful gathering in Bangkok, Thailand, to mark the financial close for the Monsoon Wind Power Project (Monsoon Wind), the first wind project in Lao PDR and the largest renewable energy plant in Southeast Asia recognized as a key platform for regional power connectivity and decarbonization.
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IES, as the developer of the Monsoon Wind, together with other shareholders of the project namely BCPG Public Company Limited, Mitsubishi Corporation, ACEN Renewables International Pte. Ltd., STP&I Public Company Limited and SMP Group, has signed on 24 February 2023 the USD692 million financing documents for a non-recourse project financing for the Monsoon Wind.
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The project will be financed by the Asian Development Bank (ADB), as lead arranger, Asia Infrastructure Investment Bank (AIIB), Japan International Corporation Agency (JICA), the Export Import Bank of Thailand (Thai EXIM), Sumitomo Mitsui Banking Corporation (SMBC), Hong Kong Mortgage Corporation Limited (HKMC), Kasikornbank and Siam Commercial Bank.
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Monsoon Wind will construct, own, and operate a 600MW wind power plant and its dedicated 500kV transmission line in the Sekong and Attapeu provinces located in southeastern provinces of the Lao PDR. Under the 25-year power purchase agreement, the electricity generated will be sold to Vietnam Electricity (EVN) through the 500kV transmission line.
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