Nexif Energy Acquires Controlling Stake in Vietnam Hydro Power Project

Tuan Minh

09:33 17/02/2016

BizLIVE - Nexif Energy has bought a controlling stake in Coc San hydro power project in northern Vietnam.

Nexif Energy Acquires Controlling Stake in Vietnam Hydro Power Project

A view of Bac Ha hydro power project in Lao Cai province. (Photo: laocai.gov.vn)

Singapore-based Nexif Energy, a Southeast Asian independent power producer, has announced it has acquired a controlling stake in 30-megawatt (MW) Coc San hydro power project in northern Vietnam through the acquisition of a majority ownership of Viet Hydro Pte Ltd.
Nexif Energy, formed with the backing of energy-focused private equity firm Denham Capital, acquired the shares of two existing shareholders and has subscribed to additional equity shares, resulting in it holding a majority stake in Viet Hydro.
InfraCo Asia Development Pte Ltd, a commercially managed infrastructure development company headquartered in Singapore, is also a shareholder of Viet Hydro and has retained its stake.
Coc San is a run-of-the-river hydro power project located in Lao Cai province. The project is in an advanced stage of construction and expected to commence electricity generation by March 2016.

TUAN MINH

Từ khóa: Lao Cai

BizLIVE - Gặp gỡ