IPP
, Vietnam

Singapore-based IPP Nexif Energy buys Vietnam hydropower plant

Coc San is a run-of-river 30 MW plant.

Nexif Energy, a Southeast Asian independent power producer, has taken controlling interest in the 30 megawatt (MW) Coc San hydro power project in Vietnam through the acquisition of a majority ownership of Viet Hydro Pte Ltd. This transaction marks the first project under the Nexif Energy platform formed in August 2015.

Coc San is a run-of-the-river 30 MW hydro power project located in the Dum River Valley, a tributary of the Hong (Red) River, about 300 kilometres northwest of Hanoi in Lao Cai province. The project is in an advanced stage of construction and expected to commence electricity generation by March 2016.

Nexif Energy, formed with the backing of leading global 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.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!