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AboitizPower Pauses Buyout of Mekong Wind in Vietnam

Power News - Published on Fri, 03 Apr 2020

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Aboitiz Power Corp has terminated its acquisition of a 39.4 megawatt wind power facility in Ninh Thuan Province in Vietnam. AboitizPower said subsidiary AboitizPower International Pte. Ltd has not proceeded with its planned acquisition of a 100 percent ownership interest in Mekong Wind Pte Ltd from Armstrong Southeast Asia Clean Energy Fund Pte Ltd. AboitizPower said the termination of the transaction has no impact on AboitizPower’s existing operations and financial performance. The company said it is still in discussions with AAM to revisit the acquisition at a future date.

Mekong Wind holds a 99.99 percent direct interest in Dam Nai Wind Power JSC, which owns and operates the 39.4-megawatt onshore wind power facility in Ninh Thuan province in Southern Vietnam.

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Posted By : Rabi Wangkhem on Fri, 03 Apr 2020
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