Both projects represent a substantial contribution to the renewable energy goals of the Government of Vietnam and are set to achieve commercial operation in 2023. K2M will provide analysis to optimise project returns through energy yield assessment analysis and wind turbine generator selection (revenue optimisation) and through managing the procurement process (cost optimisation). This will support the de-risking of the projects and provide TSV with best-in-class, third-party visibility on the projected financial performance of the projects prior to construction starting.
USAID, working through the USAID INVEST initiative, seeks to facilitate private investment in the renewable energy sector in Vietnam. Through a competitive process, USAID INVEST selected TSV to receive USAID support and K2M to provide that support.
“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” said Do Van Dien, Chairman, TSV Investment. “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.”
Jamey Hadden, Director of International Operations, TSV Investment added that the collaboration with K2 Management is the result of an important evolution in TSV’s approach to the roles and responsibilities of a Vietnamese renewable energy developer.
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