SUPER secures loan from BIDV for Vietnam wind farm project

MGR Online•Economy•2d ago

Reader Briefing

Super Energy Corporation has secured a long-term loan from BIDV to support the Soc Trang Wind Power Plant Phase 1 in Vietnam.

•Super Energy Corporation signed a long-term loan agreement with the Bank for Investment and Development of Vietnam (BIDV).
•The loan amount is 830,000 million Vietnamese dong, approximately 1,065 million baht.
•The funds will support the Soc Trang Wind Power Plant Phase 1 with a contracted capacity of 30 megawatts in Vietnam.
•The loan agreement has a term of 15 years.

Overview

•Super Energy Corporation signed a long-term loan agreement with the Bank for Investment and Development of Vietnam (BIDV).
•The loan value is 830,000 million Vietnamese dong, which is approximately 1,065 million baht.
•The loan is designated for the Soc Trang Wind Power Plant Phase 1 in Vietnam, which has a total contracted power production capacity of 30 megawatts.
•The loan agreement is structured as a 15-year long-term loan.
•Jomsap Logaya stated that the funding reflects the confidence of leading financial institutions in the project's potential and the strength of Super Energy Corporation.
•The loan is intended to strengthen the capital structure, increase liquidity flexibility, and support the long-term operations of the project.
•Super Energy Corporation views Vietnam as a renewable energy market with high growth potential in the region.
•Super Energy Corporation plans to continue managing its capital structure efficiently while seeking further renewable energy investment opportunities in Thailand and abroad.

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Key Quotes

Jomsap Logaya

"Receiving financial support from BIDV, one of the largest asset banks in Vietnam, confirms the confidence regional financial institutions have in the project's potential and SUPER's ability to develop and manage renewable energy projects."

การได้รับการสนับสนุนทางการเงินจาก BIDV ซึ่งเป็นหนึ่งในธนาคารที่มีขนาดสินทรัพย์ใหญ่สุดของเวียดนาม ถือเป็นการยืนยันถึงความเชื่อมั่นที่สถาบันการเงินระดับภูมิภาคมีต่อศักยภาพของโครงการและความสามารถของ SUPER ในการพัฒนาและบริหารโครงการพลังงานหมุนเวียน

Key Entities

Organization

Super Energy Corporation(ซุปเปอร์ เอนเนอร์ยี คอร์เปอเรชั่น)

A regional renewable energy project developer that operates the Soc Trang Wind Power Plant.

Bank for Investment and Development of Vietnam (BIDV)(Bank for Investment and Development of Vietnam)

A leading commercial bank and one of the largest asset banks in Vietnam that provided a long-term loan to Super Energy Corporation.

Place

Vietnam(เวียดนาม)ℹ️

The country where the Soc Trang Wind Power Plant is located and where BIDV is based.

Soc Trang

The location of the wind farm project phase 1.

Thailand(ประเทศไทย)ℹ️

A country where Super Energy Corporation seeks further renewable energy investment opportunities.

Person

Jomsap Logaya(จอมทรัพย์ โลจายะ)

The Chief Executive Officer of Super Energy Corporation Public Company Limited.