Consultancy K2 Management, experienced within Vietnamese wind projects, is now set to help optimize returns from projects Kông Yang and Cu An.
Both projects lie in Vietnam's second-largest province, Gia Lai, and each have a capacity of 175MW. They are expected ready to generate electricity as of 2023.
Among other things, K2 Management will be analyzing a variety of factors that can increase energy output and manage the procurement process related to the project.
The United States Agency for International Development (USAID), which is working to create private investments in Vietnam's renewable energy sector, has decided that TSV Investment should receive aid in the form of consulting by K2 Management.
"TSV is very pleased to once again be partnering with K2 Management, this time on our Gia Lai projects on one of the largest contracts of its type in Vietnam. We are sure of a successful outcome, just as we experienced when TSV collaborated with K2M on our earlier wind projects in Ninh Thuan which reached commercial operation in 2017," says TSV Investment Chair Do Van Dien.
"K2M has a track record of supporting wind projects in Vietnam, from their early development phase, through construction and then onto asset management," says K2 Management Asia Pacific President Patrick Architta, adding:
"I’ve no doubt that our local knowledge, combined with our international experience will ensure the successful delivery of these two exciting projects."