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Laos signs agreement for Nong wind project to supply Vietnam

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The Government of Laos has signed an agreement with Chitchareune Construction to develop the 1,200 MW Nong wind power project in Savannakhet province, Vietnam, with an investment of USD 1.9 billion. The project’s feasibility study is underway and is expected to be approved by the second quarter of 2026. The first phase, with a capacity of 702 MW and an investment of USD 1.12 billion, is set for completion by 2027. The second phase, adding…

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Vietnam and Russia sign nuclear energy deal

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Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to ramp up power production to support its growing industrial sector. The agreement, between Russia’s Rosatom and Vietnam’s state-owned EVN, is part of a broader set of cooperation deals, though details remain undisclosed. Despite ongoing US sanctions on Rosatom’s subsidiaries, Vietnam continues to strengthen…

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Mirova invests $10 million to fund C&I solar projects in Vietnam

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Mirova, an affiliate of Natixis Investment Managers, has invested $10 million in ecoligo, a global provider of commercial and industrial (C&I) solar solutions.  This investment will fund a portfolio of greenfield C&I solar rooftop projects in Vietnam and marks the Mirova Gigaton Fund’s first investment in the country. The senior debt financing will enable ecoligo to expand its C&I solar business in Vietnam, further advancing Sustainable Development Goal (SDG) 13, focusing on climate change mitigation….

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USD 2 billion Thai Binh LNG power plant to begin construction in 2025

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The USD 2 billion Thai Binh LNG power plant project in northern Vietnam will begin construction in late 2025 after completing its feasibility study by mid-year.  Led by Thai Binh LNG Power JSC, a joint venture of Japan’s Tokyo Gas, Kyuden International, and Vietnam’s Truong Thanh Vietnam Group, the plant aims to generate 10 billion kWh annually and contribute USD 162.57 million in taxes. The project is currently progressing with site clearance and plans to…