Gulf says it will purchase onshore wind farms in Vietnam with a total capacity of 100 megawatts. SET-listed Gulf Energy Development Plc announced yesterday that it would purchase wind farms in Vietnam worth roughly US$200 million to take advantage of low interest rates as the firm seeks projects with a quick return on investment. The projects, located in Ia Grai district of Gia Lai province, will be held by wholly owned Gulf International Holding Pte (GIH) with a licence to develop and operate the wind farms. Gulf is looking at several more renewable energy projects to acquire in Asia and Europe. Meanwhile, Gulf plans to import its first LNG cargo of 65,000 tonnes by year-end to fuel gas-fired power plants after receiving a licence in May to operate LNG shipping through wholly owned Gulf LNG Co.

Source: Bangkok Post July 03, 2020 23:03 UTC