Singapore’s Leader Energy injects $44.2 mln to BCG Energy

The capital will be invested for the renewable energy development of the company. The money was injected to the company in form of convertible bonds

In 2019, BCG Energy raised $5 million from Hanwha Energy in the form of a convertible bonds.

Regarding the current investment project, last year, it has commercially exploited 2 solar energy projects BCG - CME Long An 1 & 2 with a total capacity of 40.6MW and 100.5MW, respectively.

In addition, the company is implementing Phu My Solar Power Plant in Binh Dinh province with a capacity of 330MW; VNECO factory in Vinh Long province with a capacity of 49.3MW; Krong Pa 2 factory in Gia Lai with capacity of 50 MW.

In addition, BCG Energy is also developing a series of rooftop solar power projects with a total capacity of up to 50MW in industrial parks and export processing zones in many southern provinces.

Photo: Leader Energy

As for wind power, the company has project portfolios of up to 550MW in Ca Mau, Soc Trang and Tra Vinh. BCG Energy expects that by 2025 the total capacity of successfully deployed energy projects will reach 2.3GW.

Leader Energy, a subsidiary of Singapore-based HNG Capital, was founded over 20 years ago in 1994, when its subsidiary, Cambodia Utilities Pte Ltd, signed the first IPP concession agreement in Cambodia with the State utility Électricité du Cambodge.

This “first mover” IPP concession required us to construct, own, operate and maintain a 37.1MW gross capacity diesel-fired power plant in the heart of the capital city Phnom Penh on a build-own-operate-transfer “BOOT” basis.

Leader Energy is investing in diesel engine power plant, coal-fired power plants, transmission project, hydropower projects, solar photovoltaic power plants.