GULF Commences the Operation of TTCIZ-01 in Vietnam, TTCIZ-02 to Start in May
GULF Commences the Operating of TTCIZ-01 in Vietnam, TTCIZ-02 to Start in May.
18 มี.ค. 2562

Gulf Energy Development Public Company Limited (GLUF) has notified that TTC Green Energy Investment Joint Stock Company, an associate in which GULF indirectly holds 49% of shares through Gulf International Holding Pte. Ltd. and which operates the TTCIZ-01 solar power project (TTCIZ-01) in Vietnam, commenced the sale of electricity to Vietnam Electricity (EVN). GULF has been informed by EVN that the project achieved commercial operation on March 6, 2019.
 
TTCIZ-01 is located in Trang Bang district, Tay Ninh province, Vietnam, with an installed power generation capacity of 68.8 megawatts and a total project cost of approximately US$65 million. It will supply electricity to EVN pursuant to a 20-year power purchase agreement under agreed terms of US9.35 cent/kWh tariff.
TTCIZ-01 is the first of GULF’s power projects in Vietnam to commence commercial operation. The second project, TTCIZ-02, in which GULF indirectly holds 90% of shares, has an installed power generation capacity of 50.0 MW and will supply electricity to EVN under the same terms as TTCIZ-01. To date, construction on the project has proceeded as planned and it is expected to commence commercial operation as scheduled around May 2019.