THB 4.5 Billion Deal: BCPG Expands into Vietnam’s Wind Energy Market

BCPG Public Company Limited (SET: BCpG) has informed the Stock Exchange of Thailand that the Board of Directors Meeting no. 14/2024 dated 22 October 2024 has resolved to approve the company to in-vest in Wind Power Projects in the Socialist Republic of Vietnam.

Subsequently, on 22 November 2024, BCPG lnvestment Holdings Pte. Ltd. (BCpGl), a subsidiary of the company, entered into a Share Purchase Agreement with EP Group (HK) Co. Ltd. (the seller), a subsidiary of Eastern Power Group Public Company Limited (SET: EpG), to purchase all ordinary shares inEPVN W2 (HK) Co. Ltd. (the target) for a total amount not exceeding VND 3,394,932 million (or approximately THB 4.508 million)(the Share Purchase Transaction).

This transaction enables the company to invest in 2 wind power projects, which are owned by the tar-get, with a combined installed capacity of 99.0 megawatts in Chu Prong District, Gia Lai Province,Vietnam:

1. Che Bien Tay Nguyen Wind Power Plant Project (Project CBTN), with an installed capacity of 49.5megawatts, is owned by Chu Prong Gia Lai Wind Power Joint Stock Company (CBTN).2. Phat Trien Mien Nui Wind Power Plant Project (Project PTMN), with an installed capacity of 49.5megawatts, is owned by Chu Prong Gia Lai Wind Electricity Joint Stock Company (PTMN).