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  • Electricity/Power Grid
22 October 2019

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  • Myanmar

Exclusive: A consortium led by China Energy Engineering Group (CEEC) has won the fifth emergency power project put out to tender by the Myanmar government, The Myanmar Times can reveal.

A senior source involved in the energy sector told this newspaper that Beijing-based CEEC, a state-owned energy conglomerate also known as Energy China, had been awarded the bid to set up a 120-megawatt plant in Yangon’s Ahlone township, which would use gas supplied by the government.

Another industry insider confirmed this development.

Earlier this year, CEEC finished building a 119MW gas-fired power plant in Thaton township, southern Mon State.

Attempts to contact CEEC were unsuccessful. The company’s official website has not released information about winning the Ahlone project.

The consortium includes China ITS (Holdings) Co, CEEC’s Hunan Electric Power Design Institute and Shenzhen Shennan Power Gas Turbine Engineering Technique Co and the decision to award the tender was communicated on September 2, according to Chinese media reports.

The energy ministry issued a tender for five emergency power schemes in late June with the ambitious goal of adding 1040MW in new capacity by next summer. Three larger projects – in Rakhine’s Kyaukphyu, Yangon’s Thanlyin and Thaketa – would use imported liquefied natural gas while two smaller one would use gas from the government.

As reported by The Myanmar Times, the other four projects were awarded to a consortium led by Hong Kong-listed VPower, which has close links to Chinese state enterprises CITIC and CRRC. VPower has not disclosed which company it is partnering with.

The energy ministry declined to comment on the emergency power projects, saying that the tender winners have been chosen and that details would be announced in due course.

These projects are tendered to save Myanmar, particularly Yangon, from repeating this year’s serious blackouts when the next hot season arrives, which would be some months before the country heads to the polls.

This emergency move will worsen Yangon’s already bad air pollution, observers warn, putting public health at risk.

Only around 40 percent of Myanmar’s population has access to electricity, with power currently originating from 20 gas-fired and 62 hydropower stations and one coal plant.

The country is facing a growing energy crisis. Power demand is rising by 15-16pc each year. The ministry suggested that this year’s demand has increased further to 19pc.

  • Oil & Gas
21 October 2019

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  • Vietnam

SINGAPORE / ACCESSWIRE / October 21, 2019 / Jadestone Energy Inc. (JSE.L)(JSE.L) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, announces the formal submission of the field development plan (“FDP”), for its Nam Du and U Minh gas fields, offshore southwestern Vietnam, to Vietnam Oil and Gas Group (“Petrovietnam”).

Following receipt of Petrovietnam’s endorsement, the FDP will be considered for approval by the Vietnam Government, expected to be received later this year. Approval from the Government will constitute formal development sanction for the fields.

The Company has recently achieved several project milestones leading up to the FDP submission, including:

● Submission of a formal declaration of commercial discovery for the two fields;

● Finalisation of the bidder selection process for the facilities engineering, procurement, and construction contract, culminating in a binding letter of intent being issued to the successful bidder;

● Selection of a floating production storage and offloading vessel provider, including provisions for leasing, operations, and maintenance, now approved by Petrovietnam;

● Implementation of project management plans for the execution phase of the project, including health, safety and environmental management systems, and staffing the project organisation; and

● Receipt of amended investment licences for both fields’ production sharing contracts, confirming the Company’s working interest in Block 46/07 and Block 51 is now formally registered as 100%.

As of December 31, 2017, the Nam Du and U Minh fields had gross contingent gas resources (2C) of 171.3 bcf. The Company intends to begin a reserves audit process in the coming weeks, which, in addition to details of the final gas sales and purchase agreement (“GSPA”), will establish the 2P reserves the Company will be eligible to record following development sanction and execution of the GSPA.

Paul Blakeley, President and CEO commented:

“We have made significant strides toward our proposed southwest Vietnam gas development, with all key work streams progressing as intended. This is a major growth project for Jadestone and, with the submission of our field development plan, we now have a clear line of sight toward formal development sanction which is expected to be received later this year. In the meantime, our negotiations are progressing well toward finalising a gas sales and purchase agreement in accordance with the heads of agreement signed with Petrovietnam earlier this year.

“The spirit of cooperation between Jadestone and the Vietnamese Government and regulator is strong, and we are working together to swiftly monetise this domestic resource, with targeted first production in late 2021. Nam Du and U Minh offer a material volume of gas for both Jadestone and for Vietnam and, once in production, will be used for existing installed power generation and the manufacturing of fertilisers, thereby directly contributing to Vietnam’s ongoing economic growth and development.”

– Ends –

Enquiries

Jadestone Energy Inc. +65 6324 0359 (Singapore)
Paul Blakeley, President and CEO +1 403 975 6752 (Canada)
Dan Young, CFO [email protected]
Robin Martin, Investor Relations Manager
Stifel Nicolaus Europe Limited (Nomad, Joint Broker) +44 (0) 20 7710 7600 (UK)
Callum Stewart
Nicholas Rhodes
Ashton Clanfield
BMO Capital Markets Limited (Joint Broker) +44 (0) 20 7236 1010 (UK)
Thomas Rider
Jeremy Low
Thomas Hughes
Camarco (Public Relations Advisor) + 44 (0) 203 757 4980 (UK)
Billy Clegg [email protected]
James Crothers

About Jadestone Energy Inc.

Jadestone Energy Inc. is an independent oil and gas company focused on the Asia Pacific region. It has a balanced, low risk, full cycle portfolio of development, production and exploration assets in Australia, Vietnam and the Philippines.

The Company has a 100% operated working interest in Stag and Montara, offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company has a 100% operated working interest in two gas development blocks in Southwest Vietnam and is partnered with Total in the Philippines where it holds a 25% working interest in the SC56 exploration block.

Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman’s business in Asia, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets throughout the Asia- Pacific region.

Jadestone Energy Inc. is currently listed on the TSXV and AIM. The Company is headquartered in Singapore. For further information on Jadestone please visit www.jadestone-energy.com.

Cautionary statements

Certain statements in this press release are forward-looking statements and information (collectively “forward-looking statements”), within the meaning of the applicable Canadian securities legislation, as well as other applicable international securities laws. The forward-looking statements contained in this press release are forward-looking and not historical facts.

Some of the forward-looking statements may be identified by statements that express, or involve discussions as to expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of phrases such as “will likely result”, “are expected to”, “will continue”, “is anticipated”, “is targeting”, “estimated”, “intend”, “plan”, “guidance”, “objective”, “projection”, “aim”, “goals”, “target”, “schedules”, and “outlook”). In particular, forward-looking statements in this press release include, but are not limited to statements regarding the timing of receiving formal development sanction of Nam Du and U Minh, timing and terms of the gas sales and purchase agreement, volume of gas to be supplied by Nam Du and U Minh, duration of the plateau production period, and targeted timing of first production from the fields.

Because actual results or outcomes could differ materially from those expressed in any forward-looking statements, investors should not place undue reliance on any such forward-looking statements. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predicted outcomes will not occur. Some of these risks, uncertainties and other factors are similar to those faced by other oil and gas companies and some are unique to Jadestone. The forward-looking information contained in this news release speaks only as of the date hereof. The Company does not assume any obligation to publicly update the information, except as may be required pursuant to applicable laws. This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company’s obligations under Article 17 of that Regulation.

The technical information contained in this announcement has been prepared in accordance with the March 2007 guidelines endorsed by the Society of Petroleum Engineers, World Petroleum Congress, American Association of Petroleum Geologists and Society of Petroleum Evaluation Engineers Petroleum Resource Management System.

Henning Hoeyland of Jadestone Energy Inc., a Subsurface Manager with a Masters degree in Petroleum Engineering who has been involved in the energy industry for more than 17 years, has read and approved the technical disclosure in this regulatory announcement.

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company’s obligations under Article 17 of those Regulations.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Glossary

contingent resources (2C) best estimate scenario of contingent resources
2P reserves sum of proved and probable reserves, denotes the best estimate scenario of reserves
bcf billion cubic feet

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

  • Coal
21 October 2019

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  • Philippines

Philippine President Rodrigo Duterte has been called out multiple times for the things he says. This time, it is environmentalists standing up to the controversial head of state after he described a coal-fired power plant as “clean.”

On Tuesday, Oct. 15, Duterte led the opening celebration of the 500-megawatt coal-fired power plant of San Buenaventura Power Ltd Co. (SBPL) in Mauban, Quezon province. The plant is meant to provide additional energy supply to the Philippines and boost the government’s infrastructure program. San Buenaventura claims its power plant uses technology that significantly reduces emissions, which led the president to believe that it is clean energy.

“To our friends in the private sector, I ask you to follow the lead of San Buenaventura power by investing in the generation of clean energy,” Duterte said during the event held in Bonifacio Global City.

He also said that his administration is committed to using clean energy to drive the country’s growth.

But environmentalists were quick to point out that the plant will not actually produce clean energy.

Greenpeace campaigner Khevin Yu said in a statement that the organisation “denounces the Philippine government’s backward pro-coal policies.”

“Coal is not clean, not cheap, and not sustainable. It is unfortunate that another coal plant has been inaugurated in the country, by no less than the President who seems to have been misled or misinformed by the coal industry and its ridiculous myth of ‘clean coal’,” Yu said.

According to Greenpeace, coal has long been recognised as the “dirtiest and most carbon-intensive form of fuel for energy generation.”

Coal plants in other parts of the world are now closing after some governments banned them. It’s also an expensive source of energy.

Environmental groups are calling for a shift to wind and solar power.

Spending taxpayer’s money on coal will also aggravate the climate crisis, which already impacts Filipinos. The country is prone to intense heat waves and typhoons.

Netizens were also quick to react to Duterte’s statement and called out the president, with one saying his words were an “oxymoron.”

“Quick, someone brief him on what clean energy actually is,” another tweeted.

SBPL is a limited partnership between MGen, the power generation arm of Metro Manila’s only electric power distributor, Meralco; and New Growth BV, a wholly-owned subsidiary of Thailand’s Electricity Generating Co.

  • Oil & Gas
21 October 2019

 – 

  • Philippines

Thai firm Electricity Generating Public Company Limited (EGCO) is eyeing to invest in a floating storage regasification unit (FSRU) facility for the importation of liquefied natural gas (LNG) into the country.

According to San Buenaventura Power Co. Ltd. (SPBL) General Manager Frank Thiel, the initial target is to invest in a smaller-scale FSRU that could just have a capacity of roughly 200 megawatts.

SBPL is one of the corporate vehicles of EGCO on its power plant investments in the Philippines. It also owns the Quezon Power plant which is sited just beside San Buenaventura power facility, which started commercial operation recently.

Thiel indicated the company is in preliminary discussion with prospective FSRU supplier Excelerate Energy, an American company that was recently accorded with notice-to-proceed (NTP) on its planned LNG facility by the Department of Energy.

With the US firm’s NTP already granted by the government, it is seen that development prospects could already be easier once it firms up arrangement with prospective co-venture partners.

Thiel qualified that the gas facility’s siting is still being studied, but he said the primary anchor for such investment would be to provide flexibility in the targeted array of renewable energy (RE) installations in the country.
Gas is perceived as the “best match” to the dilemmas of some RE sources – primarily solar and wind – because gas technology’s fast ramp-up capability could take on the on-and-off generation of these RE technologies.

LNG is the next development domain the Thai firm has been eyeing for other projects in the Philippine energy sector – following its foray into coal-fired power facilities and targeted plunge also into renewable energy installations, primarily in the solar sector.

With its San Buenaventura and Quezon Power facilities, EGCO and partners have already poured in capital in the country for roughly 1,000 megawatts of capacity that have been contributing to the capacity being wheeled to the Luzon grid.

The energy department had given go-signal for investments in FSRU and onshore LNG import terminals, as it has been lining up these ventures as replacement to the much-anticipated decline and end of production at the Malampaya field of which service contract will lapse in 2024.

  • Energy-Climate & Environment
21 October 2019

 – 

  • Singapore

SINGAPORE: Singapore is “pushing the boundaries” and developing new ways to transition to a “low-carbon future”, as it continues efforts to mitigate climate change, said Minister for the Environment and Water Resources Masagos Zulkifli on Monday (Oct 21).

In a speech ahead of an Intergovernmental Panel on Climate Change (IPCC) meeting, Mr Masagos said that besides being the first country in Southeast Asia to introduce a carbon tax, Singapore has also made “hefty investments” into research and development for solutions to decarbonise its grid, industries, and even buildings.

In addition, Singapore is also studying the potential of “clean fuels” such as hydrogen, as well as carbon capture, utilisation and storage, he added.

Hosted in Singapore for the first time, the IPCC Scoping Meeting for the Synthesis Report of the Sixth Assessment Report (AR6) will see 80 experts from 38 countries as well as IPCC bureau members come together to develop an outline for an upcoming report.

The report, due for release in 2022, will provide countries with information to develop their climate policies.

“Singapore is clear-eyed about our vulnerabilities, but we can face the future with confidence, for we know we are taking early, decisive action that is underpinned by robust science,” said Mr Masagos. “This is why Singapore strongly supports the work of the IPCC, as the leading international body for the scientific assessment of climate change.”

The IPCC is an intergovernmental body of the United Nations. The AR6 meeting, which concludes on Wednesday, will be followed by the 57th Session of the IPCC Bureau, a meeting of one of the highest bodies in the organisational structure of the IPCC.

NOT “PARALYSED BY DESPAIR”

Despite Singapore already experiencing the effects of climate change, it has not been “paralysed by despair”, said Mr Masagos.

“Since our early days as a fledgling nation facing great odds, Singapore has always faced our problems squarely. We even found ways to turn a challenge into an opportunity,” he pointed out.

As such, Singapore has been taking “early action” and stepping up efforts to mitigate and adapt to climate change, said Mr Masagos. This is in spite of the fact that it has very limited sources of renewables apart from solar energy, he noted.

“We knew early on we cannot continue with business as usual,” explained Mr Masagos.

READ: ‘Time is running out’: Tackling climate change a priority for Singapore, says Masagos

Given that Singapore’s carbon tax is without exemptions for any industry or sector, it sends a “crucial economy-wide price signal” to cut emissions, he added.

Said Mr Masagos: “The tax is not raised for fiscal purposes and we are prepared to spend more than the estimated S$1 billion in carbon tax revenues collected in the initial years, to incentivise and support companies in their transition towards green, carbon-efficient technologies.”

In addition, S$900 million has been set aside for the Urban Solutions and Sustainability domain under Singapore’s national Research, Innovation and Enterprise plan.

“We welcome multi-disciplinary collaboration to discover new knowledge and solutions across areas such as water and food supply resilience, urban mobility, energy and land management,” explained Mr Masagos.

Singapore has also diversified into “weather-resilient” sources of water such as NEWater and desalinated water and is also looking at the possibility of generating energy from water.

“Energy has become central to our water resilience. PUB – Singapore’s National Water Agency – is therefore studying the potential of generating energy through water,” said Mr Masagos.

“Blue energy, or osmotic energy, arises from the salinity gradient across water streams. With the co-location of our NEWater and desalination plants, we could recover blue energy from the plants’ waste brine streams. The pilot projects will demonstrate the potential in harnessing water-waste- and energy synergies.

“If PUB succeeds, we will one day be producing energy from water even whilst we produce water from energy.”

THE “DEFINING ISSUE OF OUR TIMES”

Given that climate change cannot be reversed completely, adaption also has to take “equal importance”, said Mr Masagos.

READ: NDR 2019: It could cost S$100 billion or more to protect Singapore against rising sea levels, PM Lee says

To adapt to climate change, Singapore’s plans will incorporate nature-based solutions, explained Mr Masagos.

“To boost our natural defences such as mangroves, we take both hard and soft engineering approaches to mitigate coastal erosion and actively restore our mangrove areas,” he said. “Beyond coastal protection, we integrate nature-based solutions into our city planning.”

Over the years, Singapore has planted more than two million trees, and built more than 350 parks and four nature reserves, he pointed out.

Under the Forest Restoration Action Plan, an additional 250,000 native trees and shrubs will be planted.

He said: “The benefits are multi-fold – this will support our biodiversity, and importantly, further drive climate mitigation and strengthen our resilience.”

While Singapore contributes only 0.11 per cent of global emissions, it will continue to support the global effort to tackle climate change, said Mr Masagos.

He said: “Singapore too needs to work hard to curb our carbon emissions growth so that we can peak and stabilise our emissions around 2030. This is a stretch target as we have limited access to clean energy – we are a small and highly urbanised city state – but we will not let up.”

Singapore’s policies must be “evidence-based”, stressed Mr Masagos. This is why it is supportive of the IPCC, and makes use of its assessment reports and publications in developing climate change projections and policy responses.

“In today’s world where the discourse on climate change has become politically heightened, the IPCC’s role is even more critical in imbuing greater objectivity and scientific rigour in our dialogues and policy choices,” he added.

“Robust, credible and objective” scientific assessments also form the “cornerstone” of Singapore’s climate change strategy, said Mr Masagos.

This meant the establishing of the Centre for Climate Research Singapore (CCRS) in 2013. A new Programme Office in CCRS will also be set up next year and it will oversee the recently launched National Sea Level Programme.

Climate change remains the “defining issue of our times”, stressed Mr Masagos. This is recognised by people across the globe, as seen by the climate strikes and rallies held last month, he added.

“We must not take our eyes off the long-term, existential challenge of climate change. Otherwise, citizens will take their cause to the streets and reason will fail to rule,” he said.

“Citizens around the world have come to recognise climate change for what it is – the defining issue of our times … Young people are rightly concerned about climate change and how this impacts their future. We have to give them the confidence that we are taking their concerns seriously.

“It is our responsibility to work together with them to address this challenge.”

Read more at https://www.channelnewsasia.com/news/singapore/climate-change-threat-singapore-masagos-ipcc-12020762

  • Energy Cooperation
21 October 2019

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  • Thailand
Tesco Lotus has entered into a power purchase agreement (PPA) with Cleantech Solar, a leading provider of renewable energy to corporations in Asia.

The partnership covers 19 Tesco Lotus stores across Thailand, and is part of Tesco’s effort to achieve its commitment of sourcing 100 per cent of its electricity from renewable sources by 2030, the company said in a statement.

The PPA is expected to generate more than 21.5 Gigawatt Hours (GWh) of clean energy, avoiding 12,515 tonnes of CO2 emissions in a year, the firm added.

The statement said Cleantech Solar will fully finance the design, installation, operation and maintenance of the system, providing Tesco Lotus renewable energy without any capital investment.

“Tesco Group has set a target to source 65 per cent of our electricity from renewable sources by 2020 and 100 per cent by 2030, as part of our larger commitment to become a zero-carbon business by 2050,” said Miroslav Friml, property director, Tesco Lotus.

“In 2016, we began installing rooftop solar panels at eight hypermarkets and five distribution centres. With the added capacity this year, Tesco Lotus will generate more than 36.5 GWh of clean electricity every year. Our partnership with Cleantech Solar is a significant milestone that will help us deliver on our commitment to renewable energy. Tesco Lotus is excited to be in this partnership with Cleantech Solar, which has a proven track record on delivering and operating high-performing PV [photovoltaic] systems across different geographies,” Miroslav added.

“We are delighted to be selected as the trusted long-term solar partner by a retail giant like Tesco Lotus to finance and operate solar projects at multiple sites across Thailand,” Cleantech Solar founder and executive chairman Raju Shukla said. “This partnership represents another success for our team in Thailand to deliver reliable solar solutions to leading corporations.”

Cleantech Solar is a leading provider of renewable energy to corporations in Southeast Asia and India.

  • Renewables
21 October 2019

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  • Thailand

Oct 21, 2019 (The Expresswire) — Global Nuclear Air Filters Industry 2019 research report signifies the detail overview of existing market State, Size, Share and forecast 2019-2025. The Nuclear Air Filters report further covers the comprehensive analysis of the future progress of the Nuclear Air Filters Market. Additionally, this report gives Nuclear Air Filters Market trends, share, development, and cost structure and drivers analysis.

Global “Nuclear Air Filters Market” comprises the competitive landscape segment which offers the full and comprehensive analysis of the current market trends, changing technologies and developments that will be beneficial for the companies, which are competing in the market. The report offers an overview of revenue, demand, and supply of data, futuristic cost, and development analysis during the projected the year.

Global Nuclear Air Filters market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Nuclear Air Filters.

Request a Sample Copy of the Report- https://www.absolutereports.com/enquiry/request-sample/14685064

Nuclear Air Filter is a specific device composed of fibrous or porous materials which removes solid particulates such as dust, pollen, mold, bacteria a variety of other harmful gases from the air.
The global Nuclear Air Filters market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Nuclear Air Filters volume and value at global level, regional level and company level. From a global perspective, this report represents overall Nuclear Air Filters market size by analyzing historical data and future prospect.

Nuclear Air Filters Market Segment by Manufacturers includes:

  • Clarcor
  • Flanders/CSC
  • Nippon Muki
  • Axenic Systems
  • Medical
  • Atico
  • Advance International
  • Porvair Filtration Group
  • AAF International
  • Camfil AB

and many more.

Nuclear Air Filters Market Segment by Regions includes: North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America, Middle East and Africa.

By Types, the Nuclear Air Filters Market can be Split into:

  • Portable
  • Stationary

By Applications, the Nuclear Air Filters Market can be Split into:

  • Fuel Processing Installations
  • Power Generation Units
  • Waste Management
  • Nuclear Energy Research Facilities

For More Information or Query or Customization Before Buying, Visit at –https://www.absolutereports.com/enquiry/pre-order-enquiry/14685064

The study objectives are:

To analyze and research the global Nuclear Air Filters capacity, production, value, consumption, status and forecast;

To focus on the key Nuclear Air Filters manufacturers and study the capacity, production, value, market share and development plans in next few years.

To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.

To define, describe and forecast the market by type, application and region.

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends and factors driving or inhibiting the market growth.

To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Nuclear Air Filters:

History Year: 2014-2018

Base Year: 2018

Estimated Year: 2019

Forecast Year 2019 to 2025

  • Renewables
21 October 2019

 – 

  • Vietnam

HO CHI MINH, VietnamOct. 21, 2019 /PRNewswire/ — LONGi Solar, a leading vertically integrated Tier 1 manufacturer of solar modules and Hexagon Peak, the project development arm of Hexagon Holdings Singapore, announced the group entered into a supply deal with the manufacturer for 200 MWp of its latest mono PERC products, reaching 435Wp of nominal power output.

Hexagon Peak will utilize the modules for its pipeline of utility scale projects in Vietnam, majority of which are to be commissioned by Q1 of 2021.

“We are very excited about this cooperation with LONGi,” commented Mr. Milan Koev, CEO of Hexagon Peak and added – “Solar is more or less a 20 year old industry, so we just passed our teenage years and frontier companies like LONGi are leading the manufacturers of equipment to becoming adults. Their products reliability, financial strength and above all the people managing the business are the 3 most important factors for the choice of a manufacturing partner for Hexagon in Vietnam.”

“Hexagon Peak is a young, dynamic and ambitious company. LONGi is proud to collaborate with them on this substantial project in Vietnam. As partners, we will support Hexagon Peak with LONGi’s leading products, technologies and customer service.”

“This collaboration will further enhance LONGi’s presence in Vietnam,” said Dennis She, Senior Vice President, LONGi Solar. “With our common commitment to reliability, we are certain that LONGi and Hexagon Peak will bring high quality photovoltaic power stations to Vietnam.

Hexagon Peak is currently in the process of acquiring over 200 MWp of utility scale solar projects in Vietnam, with state utility company (EVN) as energy off-taker and estimated COD in Q1 2021. “We have been working closely and developed partnerships with a number of locally established EPCs and project developers. In a brief period of time, Hexagon Peak has gained access to a substantial pipeline of shovel-ready projects,” added Mr. Dat Le, Managing Director of Hexagon Peak Vietnam. “This cooperation with LONGi will further demonstrate our commitment in the Vietnam market,” concluded Mr. Le.

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